CZ Launches Opinion Labs to Challenge Polymarket’s Dominance

Binance CEO Changpeng Zhao (CZ) has entered the prediction market space with the launch of Opinion Labs, aiming to challenge leading platform Polymarket. The startup, backed by YZI Labs and securing a $5 million investment, is leveraging a growing interest in these markets driven by DeFi expansion and institutional investments. 📈 It offers users an alternative to traditional trading by allowing them to wager on the likelihood of real-world events. This approach resembles betting but is based on data and market sentiment analysis.