Backpack launches unified prediction combination and starts private testing of the prediction market

Backpack CEO Armani Ferrante posted on the X platform that Backpack has officially launched its product for entering the prediction market field—Unified Prediction Portfolio, and has initiated a private test limited to invited users.

This product employs a cross-margin and cross-collateral mechanism, integrating spot, spot margin, lending, perpetual contracts, prediction markets, as well as crypto and fiat assets into the same sub-account, addressing the issues of long-term fund locking and high opportunity costs in the prediction market.

Ferrante stated that this is not a simple encapsulation of existing prediction market platforms, but a brand new system built natively 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 basic functionalities, with plans to gradually expand features, market scale, and user base in the future.