3 minBusiness
Crypto exchange Gate launches white-label prediction market builder for businesses
Gate, a Panama-based cryptocurrency exchange, has launched Event Contracts Builder, a white-label service that lets businesses integrate prediction market functionality into their own products. The move comes as platforms like Kalshi and Polymarket see surging popularity, and Gate also introduced a $3 million grant program for developers.
Gate, a Panama-based cryptocurrency exchange, is moving into the prediction market space with a new white-label service that allows businesses to integrate forecasting tools directly into their own applications. The product, named Event Contracts Builder, launched in August and is part of the company's decentralized-exchange infrastructure platform, Gate DexBuilder. It is open to brokers, Web3 applications, and trading platforms.
The service aims to reduce the technical burden on companies that want to add prediction market features without building the underlying infrastructure themselves. Jason Fung, head of Gate DexBuilder, said the offering lets companies quickly integrate prediction market functionality without spending significant technology resources on the entire backend. The expansion comes as prediction markets, which allow users to place wagers on a wide range of outcomes, have surged in popularity as a tool for gauging public sentiment.
Kalshi and Polymarket currently dominate the prediction market industry, and consumer-facing businesses have begun incorporating their market data and event contracts into their own products. Gate first entered this ecosystem as a partner of Polymarket. Earlier this year, the exchange integrated Polymarket Builder, a tool that lets exchanges and apps offer Polymarket's existing prediction markets within their own products. Fung said Gate was the first exchange to integrate that tool, and the experience helped shape Gate's own offering and inspired it to compete with its former partner.
Alongside the Event Contracts Builder, Gate has launched a $3 million grant program to support companies developing event contract products. Fung said the funding comes entirely from Gate and can help cover development costs. Selected builders may also receive technical assistance, marketing support, and media promotion. The program is still in its early stages, and Gate is reviewing its first group of applicants.
Fung's path to Gate spans media, entertainment, and technology. He began his career in gaming while living in Canada, holding roles at media and technology company BroadBandTV and esports website Azubu. He later moved to China and spent five years working for tech giants Alibaba and ByteDance, where he worked on TikTok Global. Fung entered the crypto space during the ecosystem's 2021-2022 boom and bust period, pursuing what he now regards as short-lived Web3 narratives. Exhausted by that experience, he transitioned to more established roles, working for the layer-1 Sei Foundation and then AP Finance, the U.S. arm of centralized exchange Bybit.
In July, Fung joined Gate to help expand the exchange, which has operated for 13 years. Though the company is remote-first, it maintains hubs in Hong Kong, Japan, Dubai, and Malta, alongside its North American entity, Gate U.S.
