Crypto exchange Gate enters prediction market space with white-label builder for businesses

A man on the left evaluates trading charts on his laptop while a woman on his right does the same thing on her phone. (Credit: D3SIGN—GETTY IMAGES)

As prediction markets gain traction, more businesses are looking to add forecasting tools to their existing apps. Gate, a Panama-based cryptocurrency exchange, is seeking to meet that demand with infrastructure that lets companies integrate those features into their own products. Launched in August, the service is open to brokers, Web3 applications, and trading platforms alike. The product, called Prediction Builder, is part of Gate’s decentralized-exchange infrastructure platform, Gate DexBuilder.

“These companies can quickly integrate prediction market functionality [and] not have to spend a ton of tech resources … to build the entire infra behind it,” Jason Fung, head of Gate DexBuilder, told Fortune.