Key Highlights
- Backpack Prediction Market Features Backpack Exchange has launched the Unified Prediction Portfolio, which allows prediction markets to operate alongside spot trading, perpetual futures, and lending within a single account.
- Unlike typical prediction platforms, traders do not need to lock up funds in a single bet.
- The platform uses cross-margining, enabling the same capital to support multiple positions at once.
- Traders can now place a prediction bet on Bitcoin or other crypto markets, hedge it with a futures contract, and maintain spot positions within one account.
- This structure aims to reduce the opportunity cost of capital, allowing traders to act on market insights without being sidelined by locked funds.
