Backpack has entered the prediction market track, and the "Unified Prediction Portfolio" has initiated an invitation-only internal testing phase.

Techub News reports that Backpack CEO Armani Ferrante posted on platform X, announcing that Backpack has launched its first product to enter the prediction market, "The Unified Prediction Portfolio," and has initiated a private beta version accessible only by invitation. Ferrante stated that this product is not a simple wrapper for platforms like Kalshi or Polymarket, but rather a native system under Backpack, allowing users to complete operations such as quoting, trading, and hedging within a single margin account. Its mechanism employs cross-margin and cross-collateralization, aiming to avoid fragmented balances and supporting the seamless use of funds across prediction scenarios on the Backpack platform.