Backpack Launches Unified Prediction Portfolio, Initiates Private Beta for Prediction Market

Odaily News Backpack CEO Armani Ferrante announced on platform X that Backpack has officially launched its product for entering the prediction market field—the Unified Prediction Portfolio—and has initiated a private beta test accessible only to invited users.

This product employs cross-margin and cross-collateralization mechanisms, integrating spot trading, spot margin, lending, perpetual contracts, prediction markets, as well as crypto and fiat assets into a single sub-account. It aims to address issues in prediction markets such as long-term capital lock-up and high opportunity costs. Ferrante stated that this is not a simple wrapper for existing prediction market platforms but a new system natively built by Backpack, supporting prediction trading, hedging, and various advanced order operations within the same margin account. The current testing phase will focus on validating the risk engine and core functionalities, with subsequent plans to gradually expand features, market scale, and user base.