Backpack has announced the launch of its Unified Prediction Portfolio, marking its entry into the prediction market sector. CEO Armani Ferrante revealed that this new product is a native system within Backpack, distinct from existing platforms like Kalshi or Polymarket. The Unified Prediction Portfolio allows users to conduct quoting, trading, and hedging operations through a single margin account, utilizing cross-margin and cross-collateralization to streamline fund usage across predictions. The platform's unified prediction pools are currently in a private beta phase, accessible by invitation only. This initiative aims to establish Backpack as a leader in advanced cryptocurrency and financial prediction markets, offering a seamless experience for users to manage their investments without balance fragmentation.