CZ-backed YZi Labs invests in Predict.fun

YZi Labs, a venture firm backed by Binance co-founder Changpeng 'CZ' Zhao, has made a strategic follow-on investment in Predict.fun. This prediction market startup is currently assisting Binance in testing an in-app wagering feature. The investment aims to support Predict.fun's continued development of capital-efficient, on-chain prediction markets. Predict.fun, built on BNB Chain, previously participated in YZi Labs' incubation program. The timing of this investment coincides with the upcoming World Cup, an event CZ anticipates will drive increased activity in prediction markets.