BackPack has opened a closed beta for an on‑exchange prediction market product fully integrated into its trading platform.

Beta access and participation

According to CEO Armani Ferrante, the feature—called Unified Prediction Portfolio—is available only to invited users selected for their activity in BackPack’s ecosystem.

The company limits participation to assess performance, risk and user flows while the feature remains in a restricted testing phase over several months.

Capital use and product integration

A key characteristic is that funds committed to prediction positions are not permanently locked and can continue to serve other purposes within the platform.

• Users may employ staked capital as collateral across the exchange.
• Funds can be used for hedging strategies or other BackPack products.
• BackPack positions this system as its own implementation rather than an overlay on Polymarket or Kalshi.

Timing and availability

BackPack states the closed beta will continue for a period of several months, while the company has not disclosed any dates for a public release.

The firm did not provide a public timeline for general availability or broader onboarding criteria at this stage.