Gate Launches Prediction Market Infrastructure for Businesses
Crypto exchange Gate has launched a new service called Event Contracts Builder, allowing businesses to integrate prediction market functionality into their products. The tool is part of Gate's decentralized-exchange infrastructure platform, Gate DexBuilder, and targets brokers, Web3 apps, and trading platforms. This move comes as prediction markets gain popularity for forecasting public sentiment on various topics. Gate aims to reduce the technical burden for companies by offering ready-made infrastructure rather than requiring them to build from scratch. The exchange previously partnered with Polymarket but now competes directly after developing its own solution inspired by that experience. To support developers, Gate has also launched a $3 million grant program covering development costs and additional resources like marketing. Jason Fung, head of Gate DexBuilder, brings extensive experience in media, gaming, and tech before transitioning to crypto during the 2021–22 boom. He joined Gate this year as part of its global expansion strategy.
Topics: business_infrastructure decentralized_exchanges prediction_markets