You can trade Polymarket in MetaMask now. But should you?

MetaMask launched prediction markets this week via an unique partnership with Polymarket. But the combination is only one piece of a bigger transformation.

Over the previous two months, MetaMask has added perpetual futures buying and selling powered by Hyperliquid, launched buying and selling on U.S. shares together with Nvidia and Tesla, launched a seasonal rewards program, and confirmed plans for a token. The pockets that after existed to signal transactions is positioning itself as an all-in-one buying and selling platform.

The timing isn’t coincidental. Consensys, MetaMask’s mum or dad firm, is getting ready for an IPO with JPMorgan Chase and Goldman Sachs as lead underwriters, according to Axios. Every new characteristic—prediction markets, perps, shares, rewards—provides a income line and boosts engagement metrics forward of the roadshow.

Trading predictions with out leaving your pockets comes with a value

The Polymarket integration lets merchants browse and trade occasion contracts instantly in the MetaMask cellular app. Funding is streamlined: merchants can deposit with any token on any EVM-compatible chain, and MetaMask handles the conversion. There’s no separate KYC course of.

“Using prediction markets on cellular right now is painful,” MetaMask’s senior director of product Mike Lwin mentioned. The timing is notable, however Polymarket has already launched a cellular app.

MetaMask fees a 4% fee on every trade, cut up between MetaMask and Polymarket. No charges apply to deposits, cashouts, or withdrawals. Users additionally earn 2 factors per greenback traded via MetaMask’s rewards program, which ties into the corporate’s deliberate token launch.

Ajay Mittal, MetaMask’s VP of product technique, mentioned the corporate “benchmarked pricing extensively in opposition to each prediction markets and the broader sports-betting trade.” A flat price, he argued, is “one of many clearest and most predictable constructions for customers.”

The price construction doesn’t add up for many merchants

The 4% price is the central query. Trading instantly on Polymarket prices nothing past community charges. So who would wish to pay a 4% premium?

People who don’t know they’ve a selection. MetaMask is relying on its 30 million users not realizing they can trade at no cost elsewhere.

Anyone with an present Polymarket account has no cause to make use of MetaMask. The integration creates a separate account and the positions and historical past don’t switch. You’d be paying 4% to start out over.

“LOL you’re charging 4% price on every prediction… you fully misplaced your thoughts,” one consumer replied in MetaMask’s announcement thread.

The solely counterargument is the rewards program.

At 2 factors per greenback traded, merchants accumulate rewards tied to MetaMask’s deliberate token launch. But that’s not a profit—it’s a hypothesis. Traders are betting that future token worth will exceed the 4% they’re paying now. That’s a chance on prime of a chance—or as one consumer put it, “Back in the times we had Red & Black + 0”

Prediction markets are only one piece of an even bigger transformation

MetaMask’s ambition extends past prediction markets. The pockets now gives perpetual futures on over 150 tokens plus U.S. equities, with leverage as much as 40x. It has a rewards program designed to incentivize buying and selling exercise throughout all merchandise. And it’s getting ready a token that may possible tie these parts collectively.

The technique mirrors what Binance and Coinbase have executed with centralized platforms: bundle as many monetary merchandise as potential to seize consumer consideration and buying and selling charges. MetaMask is trying the identical playbook with a non-custodial pockets, betting that self-custody and cellular comfort can compete with centralized exchanges.

“Consensys has quietly been positioning itself for public markets all yr, trimming prices, tightening operations, and increasing MetaMask past a easy Ethereum pockets right into a full monetary platform,” Decrypt noted in October. “Consensys is about to place itself as crypto’s shopper tremendous app to buyers.”

For Consensys, the pitch to public market buyers turns into clearer. MetaMask isn’t simply infrastructure—it’s a buying and selling platform with 30 million month-to-month lively customers, a number of income streams, and a product roadmap that retains merchants contained in the app.

For Polymarket, it’s low-effort. For MetaMask and Consensys, it’s a win

Polymarket doesn’t want MetaMask for quantity. The weekly notional volume is hitting 1.1B. It’s searching for extra funding at a valuation between $12 billion and $15 billion.

But the partnership gives low-effort distribution to crypto-native customers with 2% upside. MetaMask’s viewers already has wallets, understands on-chain buying and selling, and doesn’t want training. If even a small share converts to lively merchants, Polymarket good points customers it didn’t have to accumulate.

The deal additionally suits Polymarket’s broader distribution technique. It has signed partnerships with the UFC, the NHL, PrizePicks, Yahoo Finance, and Google.

MetaMask’s Polymarket integration is a comfort product, not a cost-saving one. Whether that’s value it will depend on how a lot you worth your time, how usually you trade, and the way a lot religion you place in MetaMask’s future token.

For MetaMask and Consensys, the calculus is easier. Every characteristic that retains customers contained in the app strengthens the IPO narrative. Prediction markets are simply the most recent addition to a pockets that more and more seems like a buying and selling platform.

The put up You can trade Polymarket in MetaMask now. But should you? appeared first on DeFi Rate.

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