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YZi Labs Boosts Stake In Predict.fun
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YZi Labs, the venture firm backed by Binance founder Changpeng Zhao (CZ), says it boosted its investment in Predict.fun, a popular prediction market on the BNB Chain. While the amount of the new funding was not disclosed, Predict.fun noted that its seen a surge in platform usage since its launch last December, recently surpassing $1.7 billion in cumulative trading volume across 125,000 users. Unlike legacy competitors where user funds sit idle until an event concludes, Predict.fun says it routes deposited USDT (CRYPTO: $USDT) through DeFi protocols like Venus on the BNB Chain so traders can earn a yield on the money deposited. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket The increased investment follows Predict.fun’s strategic acquisition of Probable, an on-chain analytics and prediction tool originally incubated by PancakeSwap, in early March. That merger was designed to enhance the platform’s technical infrastructure and execution speed, providing more robust data feeds for high-volume markets. With the upcoming 2026 World Cup tournament fast approaching, Predict.fun noted that its seeing record open interest in sports-related contracts. The platform also recently introduced AI-assisted proposal systems to maintain market integrity, a move, the firm say is to distinguish itself from casino-like comparisons.