Trust Wallet Enters Prediction Markets: Trade Real-World Events

Trust Wallet Enters Prediction Markets

Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, is making a move into prediction markets. Trust Wallet has launched 'Predictions,' a new wallet-native section enabling users to trade and potentially profit on real-world events while maintaining full self-custody of their assets.

“Eligible users can view events, take positions on outcomes such as yes or no, and track how each event develops over time, all within their existing Trust Wallet,” Trust Wallet stated.

Starting today, Trust Wallet’s Predictions will aggregate markets from multiple platforms, enabling users to trade predictions on a broad spectrum of topics, including cryptocurrencies, politics, sports, entertainment, and global events.

Kalshi and Polymarket Integration

Trust Wallet’s foray into prediction markets commences with an integration of the Web3 prediction market protocol, Myriad, and is poised to expand to major platforms such as Kalshi and Polymarket in the near future.

“Predictions is live today in Trust Wallet powered by Myriad,” Trust Wallet CEO Eowyn Chen told Cointelegraph, further mentioning that Kalshi and Polymarket are anticipated to be integrated in the coming weeks.

Launched in March, Myriad is a newcomer in the prediction market arena, having reached $100 million in cumulative trading volume by late November. Comparatively, data compiled by Dunedata on Dune Analytics indicates that established prediction markets like Kalshi, Opinion, and Polymarket each handle approximately $1 billion in daily trading volume.

Unifying Trading Interfaces

Trust Wallet's move into prediction markets follows its recent launch of tokenized stocks in collaboration with Ondo Finance in September, demonstrating a growing trend of consolidating diverse trading instruments within a single, unified platform.

In October, major crypto wallet MetaMask announced a partnership with Polymarket, aiming to provide users with the ability to trade predictions directly from their wallet.

“People shouldn’t need five apps to express what they think will happen next,” Chen stated, emphasizing the company's vision of delivering secure and streamlined access to emerging markets.

“Wallets are becoming the hub for various trading activities – not just tokens, but also information, perspectives, and anticipations,” Chen added.

“Users shouldn’t require numerous apps to express their market opinions. It should all be accessible in the same location where they already hold and manage their assets.”

The CEO also noted that trading restrictions, such as geofencing, are rigorously enforced for each prediction platform.