MetaMask Integrates Polymarket for Direct Prediction Market Access

TLDR

• MetaMask has integrated Polymarket directly into its wallet, allowing users to trade on real-world event outcomes
• The integration features one-tap funding from any EVM-compatible blockchain network
• Users earn MetaMask Rewards points for each prediction they make on the platform
• Polymarket is reportedly seeking a valuation up to $15 billion after receiving $2 billion from Intercontinental Exchange
• Prediction markets have reached $13 billion in total trading volume across the industry

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MetaMask has launched a new integration with Polymarket that brings prediction market trading directly into the Ethereum wallet. Users can now place bets on real-world events without leaving the MetaMask app.

The integration was announced by Consensys, the parent company of MetaMask. Gabriela Helfet from Consensys confirmed that users will earn MetaMask Rewards points with every prediction they make on the platform.

The new feature includes one-tap funding capability. This allows users to deposit funds using any token from any EVM-compatible blockchain network.

The integration creates a more direct path for MetaMask’s user base to access Polymarket’s platform. MetaMask remains the most widely used Ethereum wallet in the crypto space.

Polymarket’s Recent Growth

Polymarket has experienced substantial growth over the past year. The platform gained mainstream attention during the 2024 US presidential election cycle.

Former President Donald Trump’s support for crypto helped boost the platform’s visibility. A more relaxed regulatory environment has also contributed to Polymarket’s expansion.

The company recently received approval to re-enter the United States market. This came after a period of restricted access for American users.

Polymarket is now seeking a valuation of up to $15 billion. The company received $2 billion in strategic investment from Intercontinental Exchange, which owns the New York Stock Exchange.

This investment came at a $9 billion valuation. The potential $15 billion valuation represents further growth expectations for the platform.

MetaMask’s Expanding Features

MetaMask has been moving beyond its original Ethereum-focused design. In October, the wallet launched multichain accounts that support both EVM and non-EVM networks.

This expansion includes support for Solana blockchain. The wallet is also preparing to roll out a native MASK token.

Consensys is reportedly planning for a potential initial public offering. The MASK token may be distributed through an airdrop to users who have accumulated MetaMask Rewards points.

The prediction markets sector has reached $13 billion in total trading volume. This represents a record high for the industry.

Major companies have entered the space recently. Fanatics, Coinbase, and now MetaMask have all launched or expanded event-trading platforms.

Internal Market Making Plans

Polymarket is building an internal market-making team. This team would trade against the platform’s own customers.

The company has approached traders, including sports bettors, for the new unit. These recruitment efforts were reported by sources familiar with the matter.

This approach mirrors a feature used by competitor Kalshi. The practice has drawn criticism and legal challenges in the prediction markets space.

Kalshi recently signed a partnership with CNN. The company raised $1 billion at an $11 billion valuation.

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