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 notoriously inefficient. You lock up your USD in a prediction, it's stuck there for the duration of an event, and often this means that, even if you have edge on a bet, you don't make it due to the opportunity cost of capital. With the Unified Prediction Portfolio, your capital can be used not just in a prediction, but across all of Backpack seamlessly without fragmenting your balances and without giving up your ability to be in other positions.
The solution: We cross margin and cross collateralize
- spot
- spot-margin
- borrow-lending
- perpetual futures
- prediction markets
- crypto
- fiat
All in a single subaccount balance.
This isn't yet another wrapper over Kalshi, Polymarket, or any other prediction market platform. This is a new, Backpack native system with everything tokenized and risk profiled, together. This means you can do things like quote on price predictions, get filled, and immediately hedge on the perp, all in a single margin account. Everything you expect from a modern crypto exchange at scale is now available for predictions. Connections to every blockchain network, perps, world class fiat rails, and advanced order types like TP/SL, scaled orders, conditional orders, TWAP, and grid bots. With the Unified Prediction Portfolio, new trades, better liquidity, and insurance related use cases all become possible.
To start, we'll focus our testing efforts on the basics, namely ensuring the unified portfolio works as expected with components like our risk engine humming along. Over time, we'll grow the beta group, add more features, scale the number of markets, and build out new mechanisms that have never been introduced. We have a lot in the pipeline, things you can only do in a vertically integrated, unified system fully focused on crypto and finance.
To get access, signup for Backpack. We'll be sending out invites to our most active traders to get access to the beta, today and over the next few months as we take in feedback and ensure a smooth experience for all beta testers.
We have much on the horizon for 2026, as we not only rollout new products like predictions (and more, much more), but, after two going on three years of non stop effort, complete our global regulatory roadmap allowing us to open new regions with new users, expanding Backpack from only 48% of the world, today, to the entire globe. Although season 4 is coming to an end, 2026 will be full of events as we hit these milestones and grow our community.
Now back to work.
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I've never been a fan of the term "centralized exchange" because it doesn't really describe what we're building.
Backpack at its heart is more of a wallet than it is an exchange. It's about the central portfolio. One set of balances for anything and everything.
Every asset in traditional finance. Every asset in crypto. Every decentralized app. Every blockchain. Whether it's your retirement account, your bank, your brokerage, your positions, your loans, your payroll, or just paying for dinner with your friends.
We've done our job if and only if, whenever you want to use your money for something--whether it's the day one Monad launch, a new perp DEX farm, or wiring money to your relatives--you don't have to guess and can instinctively open up your @Backpack to get it done.
It's such a simple concept, something easy to say, but something that will take a lifetime to do. When I say everything in your Backpack, I mean, literally, everything.
New updates are live in the Backpack app ๐๐
โฃ Wallet: Track and manage pending bridge transactions
โฃ Exchange: View indicators and monitor positions with TradingView charts