Backpack launches Unified Prediction Portfolio — margin trading for tokenized predictions

Backpack launched a private beta of its Unified Prediction Portfolio, an invite-only feature that consolidates tokenized prediction positions into a single cross-margin account. The system lets active traders hold prediction bets alongside spot, perpetual futures and lending positions without separately locking capital for each market. Backpack says the product matches prediction trades and automatically manages risk by using perpetual contract positions within the unified portfolio, enabling hedging and more capital-efficient speculation. The beta is limited to invited users while Backpack collects feedback and refines risk controls before a wider release; regulatory details, supported markets and general rollout timing were not disclosed. The move follows rising industry interest in prediction products (for example, Gemini Predictions) and positions Backpack — founded by former Alameda/FTX staff and operator of Backpack EU — as a vertically integrated exchange that allows traders to hedge predictions with futures and maintain spot exposure in one account. Key names: Armani Ferrante (Backpack CEO). Primary keywords: Backpack, unified prediction portfolio, prediction markets, margin account, perpetual contracts.