MetaMask partners with Polymarket to enter political and sports prediction markets

Crypto wallet infrastructure firm MetaMask is pushing to integrate with prediction-market platform Polymarket by the end of this year. It plans to offer bets on elections, sports matches, corporate earnings and more.

According to Cointelegraph on the 9th (local time), MetaMask will provide direct access to prediction markets within the wallet through its collaboration with Polymarket. Users will be able to buy and sell positions in the form of 'shares' and bet based on the outcomes of events.

The service will be offered in all regions except the United States, the United Kingdom, France, Singapore, Poland, Thailand, Australia, Belgium, Taiwan, and the Canadian province of Ontario. With prediction markets rapidly growing since the U.S. presidential election in November last year, Polymarket recently secured a $2 billion investment from the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), valuing the company at $9 billion.

Gal Eldar, MetaMask's global head of product, said, "This partnership is a step toward evolving beyond a simple wallet into a gateway to global decentralized finance," adding, "Users will be able to engage in a variety of financial activities—trading, investing, predicting, and diversifying—while remaining in full self-custody."

Meanwhile, MetaMask also introduced perpetual futures trading functionality the same day via integration with derivatives exchange Hyperliquid. MetaMask aims to provide a centralized-exchange-level user experience while maintaining the security advantages of a decentralized platform.