Overview
- The Unified Prediction Portfolio integrates prediction markets with spot trading, perpetual futures, and lending in a single cross-margined account.
- Cross-margining lets the same capital back multiple positions, allowing traders to place prediction bets, hedge with futures, and keep spot exposure without locking funds.
- The beta is a private, invite-only test for select active traders, with feedback used to refine the platform’s risk engine ahead of a wider rollout.
- CEO Armani Ferrante says the product addresses the opportunity cost created by traditional prediction markets that require capital to remain locked for the duration of events.
- Backpack’s move follows its acquisition of FTX EU in January 2025 and rebrand to Backpack EU under MiFID II, as prediction platforms such as Kalshi and Polymarket report rising volumes and new media data partnerships.