- MetaMask integrates with Polymarket, enabling users to place event predictions within their wallet.
- Polymarket’s integration with MetaMask enhances accessibility and simplifies token deposits.
- The integration of multichain support broadens access to multiple blockchain ecosystems.
MetaMask, the top Ethereum wallet, is also expanding into the prediction market industry with a new integration, Polymarket, which will enable users to buy and sell event outcomes through their wallets.
According to Gabriela Helfet of ConsenSys, the company said that bets on the future outcomes of real-world events can now be placed right inside your wallet, and each prediction will earn the user MetaMask Rewards points.
The integration gives Polymarket a new entry point and offers something it calls “one-tap funding,” whereby users can deposit the tokens in any EVM-compatible chain.
This progress strengthens the connection between daily crypto wallets and decentralized betting applications, positioning MetaMask as a key access point for Web3 applications and real-life event speculation.
MetaMask Expands Beyond Ethereum with Multichain Support
Polymarket has also become very popular in the last year, and this is partly due to the heightened interest in the 2024 U.S. election cycle. The presence of President Donald Trump in support of cryptocurrency and the more relaxed regulatory climate helped the platform to enter the U.S. market again.
The valuation of the company is said to be up to $15 billion, after a strategic investment of up to $2 billion by Intercontinental Exchange, parent company of NYSE.
In the case of MetaMask, the move will represent a step outside its Ethereum-based core. In October, the wallet launched multichain accounts, which can support both EVM and non-EVM networks, such as Solana. Its parent company, ConsenSys, is also preparing an IPO, and the wallet is preparing to launch a native MASK token.
Also Read: MetaMask Leads $400M Push to Stop Global Crypto Phishing: Report
Meanwhile, Polymarket is also seeking to hire an internal market-making unit that would also trade against its users, a feature successfully used by competitor Kalshi, which has been the subject of criticism and legal actions. According to sources who were close to the case, Polymarket has been talking to traders such as sports bettors to join this new team, although the plans are kept confidential.
Prediction Markets Exceed $13 Billion in Trading Volume
Prediction markets have outperformed the entire crypto markets by cumulatively exceeding $13 billion of trading volume, despite the slowing of wider crypto markets. This development has invited global forces in the fields of technology and finance, including Fanatics, Coinbase, and MetaMask, all of which have recently introduced or broadened their event-trading offerings.
Here, YZi Labs, the venture capital led by Binance co-founder Changpeng “CZ” Zhao, has been expanding its presence in the industry.
Opinion produced under YZi-backed has seen rapid growth as one of the least anticipated breakout platforms. Introduced to BNB Chain in October, it achieved up to almost $1.5 billion in weekly trading volume in its first month, briefly outperforming established exchanges such as Kalshi and Polymarket.
Meanwhile, the prediction market platform Kalshi achieved a significant milestone in the media industry by becoming CNN’s official partner in prediction markets. Kalshi has also raised a round of funding of $1 billion, valuing the company at $11 billion.
Also Read: Ethereum Hits $6 Trillion Stablecoin Volume and Signals Long-Term Growth
