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Trust Wallet Enters Prediction Markets Race With New Trading Feature

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Trust Wallet has launched a prediction markets function that lets its 200 million customers commerce real-world occasion outcomes immediately from their wallets with out leaving the app.

The wallet-native software went dwell on December 2 on Myriad on BNB Chain, with integrations with Polymarket and Kalshi to comply with quickly.

The transfer positions Trust Wallet inside a quickly increasing sector the place platforms like Kalshi recently raised $1 billion at an $11 billion valuation, and Polymarket dominates with $248 million in complete worth locked.

Trust Wallet customers can now browse curated occasions spanning crypto milestones, politics, sports activities, and world traits, then take YES or NO positions on outcomes tracked totally on-chain in self-custody.

Wallet-Native Trading Removes Platform Friction

Trust Wallet’s Predictions tab seems on the Swaps web page, eliminating the necessity for separate apps or accounts.

Users choose occasions, select end result positions, and maintain tokenized shares solely on-chain via vendor sensible contracts.

Real-time pricing and sentiment information are surfaced immediately within the interface, whereas occasion decision is dealt with by built-in companions somewhat than Trust Wallet itself.

Trust Wallet Enters Prediction Markets Race With New Trading Feature
Source: Trust Wallet

Myriad operates on BNB Chain for non-US areas, Polymarket runs through Swap.xyz on Polygon, and Kalshi affords regulated markets on Solana for US and world customers.

Access varies by jurisdiction, with computerized geofencing utilized based mostly on every vendor’s compliance necessities.

The pockets handles regional restrictions robotically, routing eligible members to acceptable markets whereas blocking others.

The integration consolidates a number of prediction platforms right into a single interface, permitting customers to discover markets from completely different suppliers with out switching between web sites or managing separate accounts.

Each place sits on-chain within the consumer’s personal pockets, sustaining full transparency and self-custodial management aligned with Web3 ideas.

Prediction Markets Show Strong Growth Despite Early Risks

Prediction markets have generated $3.7 billion in buying and selling quantity as of November, based on Dune information, with Opinion main at $1.5 billion, Kalshi at $1.2 billion, and Polymarket at $952 million.

Total worth locked throughout the sector reached $337 million in November, up sharply from earlier within the 12 months as customers found they may revenue in stablecoins no matter broader crypto market circumstances.

The sector’s attraction facilities on outcome-based returns that stay unbiased of crypto market fluctuations.

Most bets are positioned in stablecoins, with outcomes decided solely by whether or not predictions show appropriate.

This construction has attracted members who persistently earn even throughout market downturns, although questions on insider-like habits and pockets patterns persist throughout platforms.

The sector’s booming development has attracted massive gamers as effectively.

Last month, Coinbase confirmed plans to launch its own prediction platform through Kalshi. At the identical time, Robinhood and Susquehanna agreed to acquire 90% of LedgerX to function a devoted prediction futures change launching in 2026.

Robinhood mentioned prospects traded 9 billion contracts throughout greater than 1 million accounts within the first 12 months, making prediction markets its fastest-growing product by income.

Gemini also filed with the CFTC to become a designated contract market, and Crypto.com launched a prediction product with Trump Media.

In truth, Google Finance announced it will integrate Kalshi and Polymarket information immediately into search outcomes, bringing crowd-priced odds on future occasions alongside conventional market information.

Intercontinental Exchange, proprietor of the New York Stock Exchange, additionally agreed in October to speculate as much as $2 billion in Polymarket.

Trust Wallet Expands Financial Services Beyond Trading

Trust Wallet CEO Eowyn Chen beforehand outlined plans to remodel the pockets right into a Web3 neobank providing self-custody, asset publicity, DeFi entry, staking, and identification administration in a single globally accessible app.

The company partnered with Ondo Finance in September to launch tokenized shares and ETFs, giving customers publicity to US equities with out conventional brokerage accounts.

Chen said RWAs present entry to monetary merchandise beforehand unavailable to customers in rising markets, permitting participation with out sacrificing custody or counting on centralized platforms.

So far, Trust Wallet has built-in the 1inch Swap API to consolidate costs from decentralized exchanges throughout Ethereum, BNB Chain, Polygon, and Solana.

The put up Trust Wallet Enters Prediction Markets Race With New Trading Feature appeared first on Cryptonews.

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