Trust Wallet is making significant strides in the cryptocurrency space with the launch of its new feature, Predictions, which represents a pioneering move in the realm of on-chain betting. This feature allows users to engage in trading real-world events directly within the Trust Wallet app, eliminating the need for account creation and KYC processes.
Going live with Myriad Markets, Trust Wallet is the first major self-custody wallet to integrate prediction markets natively. This development positions Trust Wallet ahead of competitors, who are still focused primarily on swaps and NFT storage. The integration enables users to select events and trade seamlessly, marking a significant shift toward more comprehensive wallet functionalities.
Myriad Markets is the initial partner to be featured in this new hub, gaining exposure to Trust Wallet“s extensive user base of over 200 million. This partnership not only enhances Myriad”s visibility but also brings prediction markets closer to mainstream users, moving away from isolated decentralized applications.
In addition to Myriad Markets, Trust Wallet has plans to integrate with Polymarket and Kalshi in the near future, tapping into a booming sector that has seen substantial trading volumes. For instance, Kalshi reported $5.8 billion in trading volume in November, while Polymarket followed closely with $3.74 billion during the same timeframe. These figures underscore the growing interest in prediction markets across various segments, including sports and political events.
A key advantage of Trust Wallet”s new offering is the absence of KYC requirements, which allows users to trade without the cumbersome verification processes commonly found on centralized platforms. This approach not only streamlines the trading experience but also enhances user privacy, as the wallet does not hold customer funds.
The launch of Predictions signifies a strategic move for Trust Wallet as it looks to establish itself as a super-app in the cryptocurrency ecosystem. By incorporating features such as swaps, NFTs, and now predictions, Trust Wallet is setting itself up as a one-stop solution for users looking to engage with on-chain activities.
As prediction markets gain traction and move towards mainstream adoption, Trust Wallet”s initiative is poised to facilitate a frictionless entry point for users. This development is not merely an enhancement but a transformative moment for the wallet and the entire sector of on-chain predictions.
With the introduction of native prediction markets, Trust Wallet is redefining user expectations and paving the way for a new era of self-custody solutions, encouraging users to engage with global events in a straightforward manner.
