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Backpack Launches Crypto-Native Prediction Markets in Private Beta

Quick Breakdown 

  • Backpack has launched an invite-only private beta for crypto-native prediction markets with a unified, cross-margin trading system.
  • The Unified Prediction Portfolio allows predictions to share collateral with spot, margin, lending, and perpetual futures in one subaccount.
  • Users can price prediction markets and hedge instantly with perpetuals, improving capital efficiency and on-chain liquidity.

 

Backpack has launched an invite-only private beta for a new crypto-native prediction markets system, introducing what it calls the Unified Prediction Portfolio, according to CEO Armani Ferrante. 

Backpack introduces unified prediction portfolio

The Unified Prediction Portfolio integrates prediction markets directly into Backpack’s existing trading infrastructure, allowing users to manage predictions within a single subaccount. The system uses cross-margin and cross-collateral across spot trading, margin, lending, perpetual futures, and prediction markets, enabling capital to remain fully deployable rather than locked for the duration of an event.

Ferrante said the approach addresses a long-standing inefficiency in prediction markets, where capital is often immobilized, creating high opportunity costs. By unifying balances, users can allocate the same collateral across multiple strategies simultaneously, including quoting prediction prices and hedging exposure with perpetual futures from the same margin account.

Unlike existing platforms that act as wrappers around third-party prediction protocols, Backpack’s system is fully native. All positions are tokenized and risk-profiled together, allowing predictions to function more like other exchange-traded instruments within Backpack’s risk engine.

 

Expanding prediction markets within a crypto exchange

The private beta will initially focus on core functionality and system stability, particularly around margining and risk management. Backpack plans to gradually expand the beta group, add more prediction markets, and introduce new mechanisms that leverage its vertically integrated exchange structure.

The unified framework also supports advanced trading features already available on Backpack, including take-profit and stop-loss orders, conditional orders, TWAP execution, grid strategies, and access to both crypto and fiat rails. According to Ferrante, this opens the door to deeper liquidity, more active market-making, and new use cases such as insurance-style products.

Access to the beta will be rolled out to selected active traders, with invitations expected to continue over the coming months. Backpack also confirmed it is progressing with its global regulatory roadmap  

The launch comes amid broader infrastructure and ecosystem expansion across the AI and crypto sectors. AIxCrypto recently unveiled AIxC Hub, its ecosystem engagement platform, which attracted more than 200,000 registered participants within five days.

 

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