Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, is the latest wallet to tap into prediction markets.
Trust Wallet has launched Predictions, a new wallet-native section allowing users to trade and earn on real-world events with full self-custody, the company announced Tuesday.
“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 said.
From Tuesday, Trust Wallet’s Predictions will aggregate markets from multiple platforms, enabling users to trade predictions on a wide range of topics, including crypto, politics, sports, entertainment and global events.
Kalshi and Polymarket are coming to Trust Wallet
Trust Wallet’s foray into prediction markets begins with an integration of the Web3 prediction market protocol Myriad and is set to expand to major platforms like Kalshi and Polymarket soon.
“Predictions is live today in Trust Wallet powered by Myriad,” Trust Wallet CEO Eowyn Chen told Cointelegraph, adding that Kalshi and Polymarket are expected to join in the coming weeks.
Weekly trading volumes on prediction markets. Source: DuneLaunched in March, Myriad is a new entrant in the prediction market space, reaching $100 million in cumulative trading volume by late November.
By comparison, data compiled by Dunedata on Dune Analytics shows that major prediction markets such as Kalshi, Opinion and Polymarket each handle about $1 billion in daily trading volume.
Uniting trading in a single interface
Trust Wallet’s move into prediction markets came weeks after it launched tokenized stocks in collaboration with Ondo Finance in September, reflecting a trend for uniting different trading tools within one platform.
In October, major crypto wallet MetaMask announced a partnership with Polymarket, aiming to enable users to trade predictions directly from the wallet.
“People shouldn’t need five apps to express what they think will happen next,” Trust Wallet CEO Chen said, highlighting the company’s vision to unlock safe and simple access to emerging markets.
Related: Coinbase working on prediction markets website, tech researcher says
“Wallets are becoming the home for all kinds of trading — not just tokens, but also information, opinions, and expectations,” Chen noted, adding:
The CEO mentioned that trading restrictions, such as geofencing, are strictly enforced per prediction platform.
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Source: https://cointelegraph.com/news/cz-trust-wallet-debuts-prediction-markets-myriad?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
