- Backpack unifies predictions, perps, spot, and margin trading, reducing capital lock-up and boosting liquidity.
- Fully collateralized predictions let traders hedge instantly, avoiding over-leverage and illiquid markets.
- 2026 roadmap targets global expansion, new products, and advanced trading tools for crypto and finance markets.
Crypto traders may soon experience a major upgrade in prediction markets. Backpack, founded by Armani Ferrante, is introducing the Unified Prediction Portfolio, an invite-only private beta designed to tackle long-standing inefficiencies in prediction markets.
Traditionally, traders lock up their USD or crypto for the duration of an event, often facing high opportunity costs. Consequently, even skilled traders may hesitate to place bets, reducing liquidity and market efficiency. Armani Ferrante explained, “With the Unified Prediction Portfolio, your capital can be used not just in a prediction, but across all of Backpack seamlessly without fragmenting your balances.”
The launch represents a significant step for the crypto-finance space. Unlike platforms such as Kalshi or Polymarket, Backpack offers a fully native, vertically integrated system. It combines spot trading, spot-margin, borrow-lending, perpetual futures, and prediction markets under a single portfolio.
Hence, traders can quote price predictions, get filled, and hedge on perps simultaneously, all within one margin account. Additionally, Backpack integrates advanced order types, world-class fiat rails, and connections to every major blockchain network.
Risk Management and Liquidity Innovation
One concern in prediction markets is illiquidity and price manipulation. On social media, a user asked, “How are you going to estimate a fair price for prediction markets and liquidate positions on illiquid orderbooks?”
Armani Ferrante responded, “Not exactly. Predictions are fully collateralized (via your entire portfolio). You don’t need to estimate a fair for the prediction position, only the max loss, and an estimate on your other positions + crypto, which can be accurately estimated.” Moreover, Backpack’s cross-margin and cross-collateralization system ensures traders avoid over-leveraging, making it safer to combine perps with predictions.
Looking Ahead: Global Expansion and Product Growth
Backpack plans a gradual beta rollout, focusing initially on portfolio functionality and risk engine performance. Consequently, active traders will receive invites to test the platform, providing critical feedback.
Ferrante also revealed that in 2026, Backpack plans to roll out new products, expand into more markets, and go global, growing from 48% coverage to the entire world. This means the platform isn’t just improving prediction markets—it’s also giving traders better tools to manage risk, access liquidity, and handle all their trading in one place.
By combining predictions, perpetuals, and spot trading in a single account, Backpack could change how traders think about using their capital, protecting themselves, and making trades. On top of that, its system opens the door for new features like insurance, advanced hedging, and automated trading strategies that other platforms don’t offer yet.
