Backpack Launches New Prediction Market Feature: How a Unified Account System Changes the Trading Experience

ForkMonger · 2026-01-14T04:34:12+00:00

Backpack launches a new feature "Unified Prediction Portfolio," integrating prediction market operations. Users can flexibly place bids, execute trades, and hedge within a single account, enabling efficient capital utilization and solving the fragmentation issues of traditional platforms. This feature is currently in invite-only testing phase, aiming to create an advanced prediction market ecosystem.

ForkMonger

2026-01-14 04:34:12

Abstract generation in progress

【Blockchain Rhythm】Backpack has recently introduced new features again. On January 14th, CEO Armani Ferrante officially announced a new function called “Unified Prediction Portfolio,” aiming to carve out a share in the prediction market field.

At first glance, it seems like integrating platforms like Polymarket and Kalshi? Think again. Backpack is creating a truly native system this time, not just simple API integration. Users can complete the full set of operations—quoting, trading, hedging—in a single margin account, which is its core competitive advantage.

The most impressive aspect is the flexibility in fund usage. Your money on Backpack can not only be used for predictions but also seamlessly for other prediction-related activities on the platform, without worrying about account balance fragmentation or affecting other investments. This is made possible by Backpack’s cross-margin and cross-collateral mechanisms, which address the fragmentation issues of traditional prediction market platforms from a technical perspective.

Currently, this feature is in invitation-only private testing phase. Backpack’s goal is to build the most advanced cryptocurrency and financial prediction market ecosystem. For prediction market players accustomed to switching between multiple platforms, this indeed offers a more efficient option.

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ReverseTradingGuru

· 3h ago

Coming back to boast again? A single account with unified margin is indeed good, but the prediction market is too complex. Polymarket has already taken the majority of the market share. Why should Backpack compete for a share?

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DancingCandles

· 3h ago

Selling prediction markets again? What's Backpack messing around here for? Cross-margin sounds nice, but isn't it just about scamming money? So it's a truly native system, huh? Let's wait and see. The waters here are too deep. Can a single account hedge? Sounds good, but I'm worried slippage and fees will eat up all the gains. Flexibility of funds is somewhat impressive, but prediction markets are inherently risky. No matter how flexible, what's the use? If Polymarket can't do it, why should Backpack be able to? I just can't quite understand.

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PumpBeforeRug

· 4h ago

I have to say, Backpack's unified account design this time is quite impressive. The cross-margin approach is something I haven't seen a platform do before.

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NFTArchaeologis

· 4h ago

The logic of unified accounts can actually be traced back to the evolution history of early exchanges. From isolated margin to cross-collateralization, it is essentially a deepening of liquidity understanding—similar to how art museums evolved from isolating collections in exhibition halls to establishing a dialogue system for cross-generational collections. Backpack's design approach this time aligns with this idea, but the true value of prediction markets goes far beyond trading convenience; it is more about the on-chain record-keeping property of information.

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