Binance Wallet integrates with 42.space, enabling the launch of the "Event Rush" prediction market feature

BlockBeats News, May 25th, Binance Wallet announced the launch of a new feature called "Event Rush," allowing users to trade on-chain based on real-world outcomes such as sports matches, cryptocurrency price targets, and news events.

This feature is supported by the 42.space protocol on the BNB Chain, where users can use USDT on the BSC chain to purchase Event Tokens corresponding to the outcome. For example, different outcomes of a match will correspond to different tokens, and users can place bets in advance and trade them.

Binance stated that users can either buy low and sell high based on market demand before the event ends or hold until settlement. If the prediction is correct, the prize pool will be distributed based on the holding proportion; if the prediction is wrong, the corresponding token value will drop to zero.

The official announcement mentioned that Event Rush uses a Bonding Curve mechanism for pricing instead of a traditional odds model, supporting continuous trading with unlimited theoretical returns. The platform will continue to list events related to sports, news, and the crypto market in the future.

Binance also reminded users that Event Rush is supported by the decentralized third-party protocol 42.space, with the platform only providing entry services, and some regions may not be able to use it due to regulatory reasons.