The move comes amid a major expansion of the prediction markets industry
Backpack, a crypto exchange founded by former Alameda Research and FTX employees, is developing its own prediction market platform. The company has begun invite-only testing of a new product designed to let users trade predictions alongside other crypto positions within a single account.
Introducing our first contribution to the prediction market space: The Unified Prediction Portfolio.
Today, @Backpack launches an invite-only private beta to begin building the most cutting edge prediction markets for crypto and finance.
The problem: Prediction markets are… https://t.co/8rn6OaoILS
— Armani Ferrante (@armaniferrante) January 13, 2026
The platform, called the Unified Prediction Portfolio, is currently in private beta. According to CEO Armani Ferrante, the system is being built as a native product rather than an add-on tied to existing prediction market services. He said the goal is full integration, with all positions tokenized and managed under one risk framework.
Backpack’s approach focuses on capital efficiency. Instead of locking funds into a single outcome until an event ends, users will be able to deploy the same balance across multiple strategies. This includes making predictions while also hedging exposure through perpetual futures, all within one margin account.
Ferrante has argued that traditional prediction markets often suffer from poor pricing and limited flexibility. By unifying balances, Backpack aims to let traders move capital more freely and respond faster to changing odds. The company believes this structure can reduce the friction that exists on current platforms.
The beta phase is expected to prioritize system stability and risk management. Backpack plans to gradually expand access, add more markets, and introduce features that are only possible with a fully integrated portfolio model. Details about specific prediction categories have not yet been shared.
The move comes at a time when prediction markets are under increased scrutiny. Some major platforms have faced questions around insider trading and regulatory oversight, especially in political and economic betting. Backpack has not yet outlined how compliance will be handled.
Backpack’s entry adds to growing interest in crypto-based prediction markets. Other large players have explored similar ideas, signaling that the sector continues to attract attention despite regulatory uncertainty.
