MetaMask Enters Prediction Markets With Polymarket Integration

Core Insights - MetaMask is integrating with Polymarket to allow users to trade real-world event outcomes directly within their wallets [1][2][8] - Users will earn MetaMask Rewards points for each prediction placed, enhancing user engagement [2] - The integration includes "one-tap funding," enabling deposits from any token on EVM-compatible chains, thus simplifying the user experience [3] Company Developments - Polymarket has gained popularity, particularly during the 2024 US election cycle, and is exploring a valuation of up to $15 billion following a $2 billion investment from Intercontinental Exchange [4] - MetaMask is expanding its capabilities beyond Ethereum, having launched multichain accounts that support both EVM and non-EVM networks, including Solana [5] - MetaMask is preparing for the rollout of a native MASK token as its parent company, Consensys, gears up for a potential IPO [5] Market Trends - Prediction markets have reached a cumulative trading volume of $13 billion, indicating a record high despite a cooling broader crypto market [7] - Major players in tech and finance, including Fanatics and Coinbase, are entering or expanding in the event-trading space, reflecting growing interest in prediction markets [7]