Trust Wallet Launches Prediction Markets Feature for Seamless Trading

Trust Wallet Enters Prediction Markets Race With New Trading Feature

Trust Wallet has introduced a new feature that allows its 200 million users to trade on prediction markets directly from the wallet. This feature simplifies the process of betting on real-world events, using a wallet-native tool designed to eliminate the need for separate accounts or applications.

Key Takeaways

Trust Wallet has rolled out a prediction markets feature to enhance user engagement.
Users can explore outcomes for various events, such as sports and politics, and trade directly within the app.
The integration of multiple prediction platforms allows seamless access to different markets.
Prediction markets have seen significant growth, with over $3.7 billion in trading volume reported.
Trust Wallet aims to broaden its financial services beyond just cryptocurrency trading.

Introduction of Prediction Markets

Trust Wallet has taken a significant step in the crypto world by launching a prediction markets feature, enabling its 200 million users to engage in trading based on real-world events directly from their wallets. This new tool officially went live on December 2, powered by Myriad on the BNB Chain, with plans to integrate with Polymarket and Kalshi soon.

This latest offering places Trust Wallet in a growing sector. For instance, Kalshi recently secured $1 billion in funding, valuing the company at $11 billion, while Polymarket holds a noteworthy $248 million in total value locked within its platform.

Users of Trust Wallet can now browse various curated events ranging from cryptocurrency milestones to political and sports developments, allowing them to take YES or NO positions on the outcomes, all tracked transparently on the blockchain through self-custody.

Simplified Trading Experience

The new Predictions tab can be found on the Swaps page of Trust Wallet, which means that there is no need for users to navigate multiple apps or create separate accounts.

Users need to select events and their preferred outcome positions, and they can hold tokenized shares entirely on-chain using smart contracts. The interface provides real-time pricing and sentiment data, while event outcomes are resolved by partners instead of Trust Wallet.

Trust Wallet Enters Prediction Markets Race With New Trading Feature

Myriad operates within the BNB Chain for non-US participants, Polymarket uses Swap.xyz on the Polygon network, and Kalshi provides regulated options for US and global users on Solana.

Access to the prediction markets is managed according to regional regulations, with geofencing automatically directing users to appropriate markets and blocking those who do not meet compliance requirements.

Thanks to this integration, users can explore different prediction platforms from a single interface, minimizing the hassle of switching websites or managing multiple accounts. Each bet remains on-chain in the user's wallet, maintaining transparency and control consistent with Web3 principles.

Growth of Prediction Markets

As of November, prediction markets have generated a remarkable $3.7 billion in trading volume, highlighted by leaders like Opinion with $1.5 billion, Kalshi with $1.2 billion, and Polymarket at $952 million. The total value locked within the sector has surged to $337 million, a significant increase from earlier in the year as users realized they could earn profits in stablecoins independent of the overall cryptocurrency market conditions.

The attractiveness of this sector lies in the fact that returns are outcome-based and not influenced by market volatility. Most bets are placed using stablecoins, with outcomes based solely on the accuracy of predictions.

Despite the success, discussions regarding insider-like behavior and wallet patterns remain a concern. Nevertheless, the rapid expansion of this market has drawn in major players. For example, Coinbase recently announced its intention to launch its own prediction platform with Kalshi, while Robinhood and Susquehanna have plans to acquire 90% of LedgerX for a dedicated prediction futures exchange set to launch in 2026. Robinhood reported that users traded 9 billion contracts across more than 1 million accounts in its first year, making it their fastest-growing revenue product.

Moreover, Gemini has filed with the CFTC to become a designated contract market, and Crypto.com has launched a prediction offering in collaboration with Trump Media. Additionally, Google Finance plans to incorporate data from Kalshi and Polymarket into its search results, presenting crowd-sourced odds alongside traditional market information. In October, the Intercontinental Exchange, which owns the New York Stock Exchange, also pledged to invest up to $2 billion in Polymarket.

Trust Wallet’s Financial Service Expansion

Eowyn Chen, the CEO of Trust Wallet, previously shared ambitions to transition the wallet into a Web3 neobank that offers self-custody, asset exposure, decentralized finance (DeFi) access, staking, and identity management within a single globally accessible application.

In September, Trust Wallet partnered with Ondo Finance to introduce tokenized stocks and ETFs, allowing users to gain exposure to US equities without the requirement for conventional brokerage accounts. Chen emphasized that real-world assets (RWAs) facilitate access to previously unavailable financial products for users in emerging markets, enabling participation without the loss of custody or the need to rely on centralized platforms.

Thus far, Trust Wallet has integrated the 1inch Swap API, streamlining price comparison across decentralized exchanges on Ethereum, BNB Chain, Polygon, and Solana.