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MetaMask Enters Prediction Markets With Polymarket Integration

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MetaMask, probably the most broadly used Ethereum pockets, is transferring immediately into the prediction market enviornment by means of a brand new integration with Polymarket, giving customers the flexibility to commerce occasion outcomes from inside their wallets.

Key Takeaways:

  • MetaMask has built-in Polymarket, permitting customers to commerce real-world occasion outcomes.
  • The integration provides one-tap funding from any EVM chain.
  • Polymarket’s speedy progress continues amid a possible $15 billion valuation.

“You can now commerce on the long run end result of actual world occasions inside your pockets,” Consensys’ Gabriela Helfet wrote, including that customers may also earn MetaMask Rewards factors for each prediction positioned.

MetaMask Becomes New Gateway to Polymarket With One-Tap Funding

The integration creates a brand new on-ramp for Polymarket and introduces “one faucet funding,” permitting customers to deposit with any token from any EVM-compatible chain.

The transfer additional tightens the hyperlink between on a regular basis crypto wallets and decentralized betting platforms, positioning MetaMask as a gateway not solely to Web3 apps but additionally to real-world occasion hypothesis.

Polymarket has surged in recognition over the previous 12 months, fueled partly by heightened consideration in the course of the 2024 US election cycle.

Former President Donald Trump’s embrace of crypto and a extra relaxed regulatory local weather helped push the platform again into the US market.

The firm is now reportedly exploring a valuation of as much as $15 billion, following a $2 billion strategic funding from Intercontinental Exchange, the mother or father of the NYSE.

For MetaMask, the transfer comes because the pockets expands past its Ethereum-focused roots. In October, it launched multichain accounts that help each EVM and non-EVM networks, together with Solana.

The pockets can be getting ready for the rollout of a native MASK token, as mother or father firm Consensys gears up for a potential IPO.

The transfer comes as Polymarket is recruiting staff for an internal market-making crew that may commerce towards its personal clients, mirroring a controversial function already utilized by rival Kalshi that has drawn criticism and authorized challenges.

As reported, the New York-based prediction market startup has approached merchants, together with sports activities bettors, to hitch the brand new unit, folks acquainted with the matter mentioned, requesting anonymity as a result of the plans stay non-public.

Prediction Markets Hit $13B in Record Activity

Prediction markets have crossed $13 billion in cumulative buying and selling quantity, marking a document high at the same time as broader crypto markets cool.

The surge has drawn in main gamers throughout tech and finance, together with Fanatics, Coinbase, and MetaMask, all of which have not too long ago launched or expanded event-trading platforms.

Against this backdrop, YZi Labs, the enterprise agency based by Binance co-founder Changpeng “CZ” Zhao, has been intensifying its involvement within the sector.

YZi-backed Opinion has emerged as one of the most surprising breakout platforms. Launched on BNB Chain in October, it recorded practically $1.5 billion in weekly buying and selling quantity inside its first month, briefly overtaking established names equivalent to Kalshi and Polymarket.

Meanwhile, prediction markets platform Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the corporate the community’s official prediction markets accomplice whereas closing a $1 billion funding spherical at an $11 billion valuation.

The submit MetaMask Enters Prediction Markets With Polymarket Integration appeared first on Cryptonews.

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