Prediction Primer Open Polymarket

Polymarket vs Predict.fun

Predict.fun is the largest BNB Chain prediction market and uses the same UMA oracle as Polymarket, but it is much smaller and charges takers up to 2% on low-priced shares.

Side-by-side comparison

Polymarket (international)Predict.fun
TypeCrypto prediction marketCrypto
RegulatorNot registered in the US; restricted or blocked in 40+ countries and regionsNone
Who can use itCountries not geoblocked by Polymarket or national regulatorsGlobal, except the United States, UK, France, Ontario, Singapore, Poland, Thailand, Taiwan, Australia, Belgium and sanctioned regions. 18+. VPN use is prohibited.
FeesTaker fee = shares × feeRate × p × (1 − p); feeRate 0 (geopolitics) to 0.07 (crypto). Makers pay $0 and earn rebates. No deposit or withdrawal fee.Takers only; makers pay 0. Raw taker fee = 2% x min(price, 1 - price) x shares (with a 10% discount where applicable). Range is 0.018%-2% of trade value. Minimum order is 1 USDT.
FundingCrypto from many chains, converted to pUSD on PolygonCrypto wallet (Predict Smart Wallet) with USDT or USDC on BNB Chain (a small legacy deployment exists on Blast). Integrated into Binance Wallet.
Identity checksEmail or wallet sign-upNo formal KYC
MarketsPolitics, geopolitics, crypto, sports, economics, culture, weather, techCrypto price up/down (Chainlink Data Streams), sports, politics, and culture and events.
How outcomes are settledWritten rules + UMA Optimistic Oracle; disputes decided by UMA token-holder voteUMA Optimistic Oracle (proposal, challenge period, on-chain settlement), the same model as Polymarket international. Chainlink Data Streams resolve price markets.
Recent volumeAbout $4.6B notional in the 30 days to 18 October 2026 (DeFi Rate data)30 days to Oct 19, 2026: $350.2M volume ($696.2M notional), per DefiLlama. About $120M in the final week of Sept 2026. Cumulative $3.5B ($7.25B notional).

Predict.fun: strengths and weaknesses

Strengths

  • Currently the largest BNB Chain prediction market by 30-day volume
  • UMA resolution, familiar to Polymarket users
  • Binance Wallet distribution, with backing from YZi Labs and Susquehanna Crypto

Weaknesses

  • Blocked in the US, UK and many other countries
  • Far smaller liquidity than Polymarket or Kalshi
  • Taker fees up to 2% on low-priced shares

What changed in 2026

Launched December 2025 and acquired PancakeSwap-incubated rival Probable in March 2026. It powers Binance Wallet's in-app prediction market beta, and its volume roughly doubled week-on-week after that integration.

Which should you choose?

Predict.fun is the largest BNB Chain prediction market and uses the same UMA oracle as Polymarket, but it is much smaller and charges takers up to 2% on low-priced shares. Compare fees with our fee calculator and check whether each platform is allowed where you live before signing up.

Ready to try it? Check it is available where you live, then open Polymarket.

Open Polymarket

Figures checked in October 2026. Fees and availability change often; confirm on each platform's own site.

Frequently asked questions

Is Predict.fun better than Polymarket?

It depends on where you live and what you trade. Predict.fun is the largest BNB Chain prediction market and uses the same UMA oracle as Polymarket, but it is much smaller and charges takers up to 2% on low-priced shares.

Which is cheaper, Polymarket or Predict.fun?

Polymarket: Taker fee = shares × feeRate × p × (1 − p); feeRate 0 (geopolitics) to 0.07 (crypto). Makers pay $0 and earn rebates. No deposit or withdrawal fee. Predict.fun: Takers only; makers pay 0. Raw taker fee = 2% x min(price, 1 - price) x shares (with a 10% discount where applicable). Range is 0.018%-2% of trade value. Minimum order is 1 USDT.