Platform · Binary Markets
Drift BET
Capital-efficient binary prediction markets on Solana · feature of Drift's perp DEX with cross-collateral and yield-on-collateral.
- Mechanism
- Binary Markets
- Chain
- Solana
- Status
- Suspended (post-exploit recovery; 2026 relaunch target)
- Founded
- 2024
- Market types
- Binary
- Audience
- Crypto-native · Power user · Generalist · Sports · Politics
- Website
- app.drift.trade/bet
- @DriftProtocol
Pricing mechanism
Hybrid CLOB + vAMM
Settlement
Centralized operator (stable resolution oracle per market)
Strengths
- Solana speed + 30 cross-collateral types
- Yield-on-collateral
- Onchain transparency
- Distribution from perp trader base
- Multicoin + BC backing
Weaknesses
- Volume dropped post-election
- Binary-only
- Direct pressure from Hyperliquid HIP-4
- Not headline feature in Drift app
- Oracle not battle-tested for non-crypto
About this mechanism
Yes/No or multi-outcome shares priced via AMM or CLOB. The largest category by platform count · the volume of onchain competition for what most people picture when they hear 'prediction market'.