BlockBeats News: On January 14, Backpack CEO Armani Ferrante announced the launch of Backpack's first product entering the prediction market space: The Unified Prediction Portfolio. The Unified Prediction Portfolio is not simply a wrapper for prediction market platforms like Kalshi or Polymarket, but a new native system under Backpack. Users can perform quoting, trading, and hedging operations within a single margin account. User funds can not only be used for predictions but can also be seamlessly applied to all predictions on the Backpack platform, without fragmenting the balance or affecting other investments, using cross-margin and cross-collateralization.
Backpack's unified prediction pools have now launched a private beta test, by invitation only, aiming to build the most advanced cryptocurrency and financial prediction markets.