Crypto
Backpack Exchange starts beta test of prediction market platform
Backpack Exchange, a cryptocurrency exchange founded by former Alameda Research and FTX employees, is moving into prediction markets. Cointelegraph reported on Jan. 14 that Backpack has started a private beta test of an integrated prediction portfolio that combines prediction markets and cryptocurrency trading. CEO Armani Ferrante said the platform differs from Kalshi and Polymarket, describing it as a native system with tokenisation and integrated risk. Backpack plans an invite-only beta first, then expansion.
