Backpack Launches Unified Prediction Platform

Crypto News Exchanges

Backpack Launches Unified Prediction Platform for Crypto Traders

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 14, 2026

Key Takeaways

Backpack launched a beta for its prediction market platform, unifying all tokenized trades and risk into one portfolio account;
This system eliminates the need to lock funds in separate markets, enabling users to reuse capital and employ more flexible strategies;
The beta is invite-only, with future updates planned, while regulatory details and available markets remain undisclosed as of January 14.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Backpack Launches Unified Prediction Platform for Crypto Traders

BITDEGREE IN YOUR SOCIAL FEED

Backpack, a cryptocurrency exchange founded by former Alameda Research and FTX personnel, launched private beta testing for a new platform on January 14.

This new feature, known as the Unified Prediction Portfolio, allows users to hedge and speculate across multiple markets from a single account using cryptocurrency.

Armani Ferrante, the company's chief executive, disclosed details about the innovation in a post on X on January 13.

How Can You Earn Money With Axie Infinity? (AXS Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Unlike other platforms that act as a layer on top of existing services such as Kalshi and Polymarket, Backpack's system brings all tokenized positions and risk factors into a single portfolio.

People trading on typical prediction services must lock up capital in each market, which limits participation and lowers potential gains. The new Backpack feature aims to eliminate these limitations by consolidating all trades into a single margin account.

In this setup, prediction trades can be matched and risk managed automatically with perpetual contract positions, all within the unified environment offered by Backpack.

The exclusive beta program is currently invitation-only and will focus on how the platform's main functions and risk assessment tools operate in practice.

The company plans to adjust and include more markets and features after monitoring feedback and performance in the early phase.

Gemini $196.08M recently introduced its prediction market service, Gemini Predictions, to every US state. How does it work? Read the full story.