MetaMask, the most widely used Ethereum wallet, is moving directly into the prediction market arena through a new integration with Polymarket, giving users the ability to trade event outcomes from inside their wallets.

“You can now trade on the future outcome of real world events inside your wallet,” Consensys’ Gabriela Helfet wrote, adding that users will also earn MetaMask Rewards points for every prediction placed.

MetaMask Becomes New Gateway to Polymarket With One-Tap Funding

The integration creates a new on-ramp for Polymarket and introduces “one tap funding,” allowing users to deposit with any token from any EVM-compatible chain.

The move further tightens the link between everyday crypto wallets and decentralized betting platforms, positioning MetaMask as a gateway not only to Web3 apps but also to real-world event speculation.

Polymarket has surged in popularity over the past year, fueled in part by heightened attention during the 2024 US election cycle.

Former President Donald Trump’s embrace of crypto and a more relaxed regulatory climate helped push the platform back into the US market.

The company is now reportedly exploring a valuation of up to $15 billion, following a $2 billion strategic investment from Intercontinental Exchange, the parent of the NYSE.

Predicting on MetaMask only takes a few seconds.

We've enabled 1-click funding with any EVM token, or you can get started instantly if you have an existing @polymarket account! pic.twitter.com/zZtrQPDu3m

— MetaMask.eth (@MetaMask) December 5, 2025

For MetaMask, the move comes as the wallet expands beyond its Ethereum-focused roots. In October, it launched multichain accounts that support both EVM and non-EVM networks, including Solana.

The wallet is also preparing for the rollout of a native MASK token, as parent company Consensys gears up for a potential IPO.

The move comes as Polymarket is recruiting staff for an internal market-making team that would trade against its own customers, mirroring a controversial feature already used by rival Kalshi that has drawn criticism and legal challenges.

As reported, the New York-based prediction market startup has approached traders, including sports bettors, to join the new unit, people familiar with the matter said, requesting anonymity because the plans remain private.

Prediction Markets Hit $13B in Record Activity

Prediction markets have crossed $13 billion in cumulative trading volume, marking a record high even as broader crypto markets cool.

The surge has drawn in major players across tech and finance, including Fanatics, Coinbase, and MetaMask, all of which have recently launched or expanded event-trading platforms.

Against this backdrop, YZi Labs, the venture firm founded by Binance co-founder Changpeng “CZ” Zhao, has been intensifying its involvement in the sector.

YZi-backed Opinion has emerged as one of the most surprising breakout platforms. Launched on BNB Chain in October, it recorded nearly $1.5 billion in weekly trading volume within its first month, briefly overtaking established names such as Kalshi and Polymarket.

Meanwhile, prediction markets platform Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.

The post MetaMask Enters Prediction Markets With Polymarket Integration appeared first on Cryptonews.

Polymarket is recruiting staff for an internal market-making team that would trade against its own customers, mirroring a controversial feature already used by rival Kalshi that has drawn criticism and legal challenges.

According to Bloomberg, the New York-based prediction market startup has approached traders, including sports bettors, to join the new unit, people familiar with the matter said, requesting anonymity because the plans remain private.

Polymarket declined to comment on the recruitment effort.

The move comes as the platform prepares its full U.S. relaunch after securing regulatory clearance from the Commodity Futures Trading Commission, having paid a $1.4 million penalty in 2022 for operating an unregistered derivatives exchange.

Kalshi’s Market-Making Unit Faces Legal Scrutiny

Kalshi already operates an in-house trading arm, Kalshi Trading, which places bids on the exchange and effectively takes opposing positions to customers’ bets.

Company executives have defended the unit as necessary to create liquidity and improve the user experience.

Still, critics argue it creates inherent conflicts of interest and makes Kalshi resemble a traditional sportsbook rather than a neutral peer-to-peer platform.

Some are now claiming that the company is a gambling company and not a prediction company.

“Let’s just call a spade a spade, it’s gambling, lots of things are gambling,” a X user said.

it has been decided by the courts
https://t.co/lU0S6XWrkA

— Martin Shkreli (@MartinShkreli) December 5, 2025

A proposed class action lawsuit filed last month alleges that Kalshi Trading sets betting lines that disadvantage customers, claiming “consumers place bets on Kalshi, they face off against money provided by a sophisticated market maker on the other side of the ledger.“

Kalshi co-founder Luana Lopes Lara dismissed the lawsuit as a “pure smear campaign” on social media.

She stated that Kalshi Trading operates unprofitably and receives “no preferential access or treatment.”

However, the legal challenge shows mounting concerns about whether prediction markets function as advertised, neutral platforms where users with differing opinions trade directly with each other.

1. Rebrand gambling as asset allocation
2. Rebrand sportsbook as truth engine
3. Rebrand bets as predictions
4. Spin up in-house market maker to c̶o̶m̶p̶e̶t̶e̶ collaborate with c̶u̶s̶t̶o̶m̶e̶r̶s̶ fellow investors for the greater good

It's really noble if you think about it. https://t.co/UQx67fg3DI

— Harry Crane (@HarryDCrane) December 5, 2025

Push for Market-Making Comes Amid Rapid U.S. Expansion

Polymarket’s decision to build an internal trading desk arrives as the company executes its return to American markets following years offshore.

In December, the CFTC issued a no-action letter covering QCX LLC and QC Clearing LLC, two entities Polymarket acquired earlier in 2025 for $112 million to gain licensed designated contract market status and regulated clearing capabilities.

The agency granted temporary relief from certain swap data reporting requirements, allowing the platform to operate within the same framework governing federally supervised U.S. trading venues.

Prediction market platform Polymarket says it has received an Amended Order of Designation from the CFTC.#Crypto #CFTChttps://t.co/H44tIIxPaz

— Cryptonews.com (@cryptonews) November 25, 2025

Founder and CEO Shayne Coplan confirmed receiving “the green light to go live in the USA” and credited CFTC staff for completing the process in record time.

The regulatory clearance caps a lengthy journey that intensified in November 2024 when the FBI raided Coplan’s Manhattan residence and seized electronic devices as part of an investigation into whether Americans continued accessing the site through VPNs despite the 2022 ban.

Despite being barred from U.S. operations since 2022, Polymarket expanded aggressively overseas, recording roughly $6 billion in wagers during the first half of 2025 alone.

The platform gained global attention during the 2024 presidential election cycle, as its markets closely tracked Donald Trump’s odds of winning.

Market Makers and Growing Institutional Interest

Prediction markets rely heavily on market makers willing to take less popular trades, as the platforms match buyers with sellers on binary yes-or-no contracts.

Both Polymarket and Kalshi have offered incentives rewarding heavy users who provide liquidity, while a small number of traditional financial trading firms, including Susquehanna International Group and Jump Trading, have begun serving as external market makers on Kalshi.

@GalaxyDigital is in talks to provide liquidity on Polymarket and Kalshi, reflecting the growing momentum of prediction markets among retail traders and Wall Street.#PredictionMarkets #Galaxy https://t.co/2wgytQSkZ4

— Cryptonews.com (@cryptonews) November 25, 2025

Mike Novogratz’s Galaxy Digital is currently in talks with both platforms to become a liquidity provider, with Novogratz telling Bloomberg that the firm is “doing some small-scale experimenting with market-making on prediction markets.“

The broader debate centers on whether prediction markets genuinely differ from traditional gambling operations.

During a public appearance last month, Coplan called conventional sportsbooks a “scam” that “rip off the consumer,” positioning Polymarket as a transparent alternative where users trade against each other rather than facing house odds designed to extract profits.

The post Polymarket to Launch In-House Trading Desk That Bets Against Users: Report appeared first on Cryptonews.

Now if that isn't late-stage capitalism, I don't know what is.

Polymarket is preparing to relaunch in the United States after receiving regulatory clearance from the U.S. Commodity Futures Trading Commission.

This marks the platform’s official return to the American market after nearly three years of regulatory exclusion.

On Wednesday, the CFTC confirmed it had issued a no-action letter covering QCX LLC, a designated contract market, and QC Clearing LLC, a derivatives clearing organization.

Both entities were acquired by Polymarket earlier this year as part of its plan to re-enter the U.S. legally.

.@CFTC Staff Issues No-Action Letter Regarding Event Contracts: https://t.co/uglKQN5EX4

— CFTC (@CFTC) September 3, 2025

The agency’s Division of Market Oversight and Division of Clearing and Risk issued a no-action letter granting temporary relief from certain swap data reporting and recordkeeping requirements tied to event contracts, including binary options and variable payout transactions.

With CFTC Nod and QCX Deal, Polymarket Prepares U.S. Relaunch

Under the terms of the letter, the CFTC said it would not recommend enforcement action against the two entities or their participants for failing to comply with specific swap-related reporting obligations, so long as the activity falls within narrow conditions outlined in the approval.

Additionally, the relief does not exempt the companies from broader regulatory compliance but removes a key barrier to launching compliant prediction markets in the U.S.

Polymarket founder and CEO Shayne Coplan confirmed the development in a post on X, stating that the platform had received “the green light to go live in the USA.”

Polymarket has been given the green light to go live in the USA by the @CFTC.

Credit to the Commission and Staff for their impressive work. This process has been accomplished in record timing.

Stay tuned https://t.co/NVziTixpqO

— Shayne Coplan (@shayne_coplan) September 3, 2025

He credited the CFTC and its staff for completing the process in what he described as record time, adding that the company would share further updates soon.

The clearance caps a long regulatory journey for Polymarket. In 2022, the CFTC fined the platform $1.4 million for operating an unregistered derivatives exchange and ordered it to block U.S. users.

While Polymarket officially exited the U.S. market, regulators later investigated whether Americans continued accessing the site through VPNs.

That probe escalated in November 2024, when the FBI raided Coplan’s Manhattan residence and seized electronic devices.

FBI agents have reportedly seized Polymarket CEO Shayne Coplan’s phone and electronics, following a raid at his Manhattan residence.#FBIraid #Polymarket #ShayneCoplanhttps://t.co/FoAECymNsu

— Cryptonews.com (@cryptonews) November 14, 2024

In July, both the Department of Justice and the CFTC closed their investigations into Polymarket without pursuing further enforcement action.

The conclusion of those probes removed the final legal overhang blocking Polymarket’s U.S. return.

Days after the investigations ended, Polymarket acquired Florida-based derivatives exchange QCX and its clearing arm QC Clearing for $112 million.

@Polymarket has acquired Florida-based derivatives exchange QCX and its affiliated clearinghouse QC Clearing, together known as QCEX.#Polymarket #QCEXhttps://t.co/HjbqfUxhSD

— Cryptonews.com (@cryptonews) July 22, 2025

The acquisition gave Polymarket a licensed designated contract market and a regulated clearinghouse, allowing it to operate within the same framework as federally supervised U.S. trading venues.

Despite the U.S. ban, Polymarket expanded rapidly overseas. In the first half of 2025 alone, users placed roughly $6 billion in wagers on outcomes.

Polymarket Quietly Begins U.S. Trading After Receiving CFTC Designation

The platform gained global attention during the 2024 U.S. election cycle after its markets closely tracked Donald Trump’s winning odds.

In November, Polymarket disclosed that it had received an amended designation order from the CFTC, formally allowing it to operate as a regulated U.S. exchange.

Prediction market platform Polymarket says it has received an Amended Order of Designation from the CFTC.#Crypto #CFTChttps://t.co/H44tIIxPaz

— Cryptonews.com (@cryptonews) November 25, 2025

The approval allows intermediated trading through futures commission merchants and allows brokerages to onboard customers directly, placing Polymarket within the same regulatory framework as other federally supervised trading venues.

The company also said it has implemented upgraded market surveillance, clearing procedures, and regulatory reporting systems ahead of a full public relaunch.

The platform has also continued to attract institutional and political attention. In August, Donald Trump Jr. joined Polymarket’s advisory board after his venture firm, 1789 Capital, invested tens of millions of dollars into the company.

Polymarket has received investment from @1789Capital, with @DonaldJTrumpJr joining its advisory board. #Trup #polymarkethttps://t.co/71jO0emJHh

— Cryptonews.com (@cryptonews) August 27, 2025

Polymarket has also entered a partnership with Elon Musk’s X platform to integrate prediction markets with xAI’s Grok chatbot.

By November, Coplan confirmed that Polymarket had begun live testing of its U.S. exchange in a limited beta, quietly onboarding selected users and matching real trades as it completed final regulatory steps.

More recently, the platform introduced a 4% annualized yield on certain long-term political and geopolitical contracts, including markets tied to the 2028 U.S. presidential election.

The post Polymarket Is Back: Crypto Prediction Giant Relaunches in U.S. With CFTC Green Light appeared first on Cryptonews.

Prediction markets platform Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.

Under the agreement, Kalshi’s real-time market data will be used inside CNN’s newsroom to support reporting on politics, economics, and major cultural events.

CNN staff will have access to Kalshi’s probability data, which reflects how users price future outcomes based on trading activity.

CNN to Launch Kalshi-Powered Live Prediction Ticker

The network will also introduce a live, Kalshi-powered ticker during coverage segments that use market data.

The integration will be overseen by CNN Chief Data Analyst Harry Enten, whose work focuses on applying data-driven insights to political and social reporting.

Kalshi said the partnership is designed to provide viewers with clearer signals on emerging trends by showing how markets are reacting in real time.

The announcement comes as Kalshi confirms a $1 billion Series E funding round led by crypto-focused investment firm Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, and ARK Invest.

The round more than doubles Kalshi’s previous $5 billion valuation from an October raise.

Kalshi chief executive Tarek Mansour said markets are becoming a new way to measure public expectations.

“Kalshi is replacing debate and opinion with markets and accuracy,” he said, adding that users increasingly want information reflected through price action rather than speculation.

Kalshi raised $1B at an $11B valuation.

A decade ago, only a few thousand people knew what a prediction market was.

Eighteen months ago, most prediction markets were banned – until we overcame the government to set them free.

Over the past seven years, our community has opened… pic.twitter.com/hGDkYxkSlh

— Tarek Mansour (@mansourtarek_) December 2, 2025

Kalshi Hits Record $4.5B Monthly Volume

The funding follows a surge in activity across prediction platforms. According to Token Terminal data cited by the company, Kalshi posted record trading volume of $4.54 billion in November, beating October’s $4.49 billion.

Kalshi said weekly volumes are now exceeding $1 billion, representing growth of more than 1,000% since 2024.

Its closest competitor, Polymarket, also recorded a strong November, hitting a monthly total of $3.76 billion after crossing $3 billion in October.

Polymarket CEO Shayne Coplan recently said prediction markets are among the most reliable indicators for forecasting real-world outcomes.

As reported, Mike Novogratz’s Galaxy Digital is in talks with Polymarket and Kalshi about becoming a liquidity provider, as on-chain betting on real-world events draws more attention from both retail traders and Wall Street.

Galaxy, which has built its brand around providing crypto infrastructure and services to institutional clients, would act as a market-maker on the platforms, posting regular bids and offers to deepen trading.

Meanwhile, Kalshi is currently facing a nationwide class action lawsuit alleging the platform operates like an unlicensed sportsbook and misrepresents pricing advantages versus traditional betting markets. The company has not admitted wrongdoing.

The post Kalshi Becomes CNN’s Official Prediction Market Partner After Raising $1B appeared first on Cryptonews.

Trust Wallet has launched a prediction markets feature that lets its 200 million users trade real-world event outcomes directly from their wallets without leaving the app.

The wallet-native tool went live on December 2 on Myriad on BNB Chain, with integrations with Polymarket and Kalshi to follow soon.

The move positions Trust Wallet inside a rapidly expanding sector where platforms like Kalshi recently raised $1 billion at an $11 billion valuation, and Polymarket dominates with $248 million in total value locked.

Trust Wallet users can now browse curated events spanning crypto milestones, politics, sports, and global trends, then take YES or NO positions on outcomes tracked fully on-chain in self-custody.

Introducing Predictions in Trust Wallet

The first major wallet with native predictions.

Trade sports, crypto, politics & more. All in one place & self-custodial.

Powered by @MyriadMarkets (live). @Polymarket & @Kalshi coming soon.

Update now: https://t.co/VHh3snlsip pic.twitter.com/LCOu9BbjTH

— Trust Wallet (@TrustWallet) December 2, 2025

Wallet-Native Trading Removes Platform Friction

Trust Wallet’s Predictions tab appears on the Swaps page, eliminating the need for separate apps or accounts.

Users select events, choose outcome positions, and hold tokenized shares entirely on-chain through vendor smart contracts.

Real-time pricing and sentiment data are surfaced directly in the interface, while event resolution is handled by integrated partners rather than Trust Wallet itself.

Myriad operates on BNB Chain for non-US regions, Polymarket runs via Swap.xyz on Polygon, and Kalshi offers regulated markets on Solana for US and global users.

Access varies by jurisdiction, with automatic geofencing applied based on each vendor’s compliance requirements.

The wallet handles regional restrictions automatically, routing eligible participants to appropriate markets while blocking others.

The integration consolidates multiple prediction platforms into a single interface, allowing users to explore markets from different providers without switching between websites or managing separate accounts.

Each position sits on-chain in the user’s own wallet, maintaining full transparency and self-custodial control aligned with Web3 principles.

Prediction Markets Show Strong Growth Despite Early Risks

Prediction markets have generated $3.7 billion in trading volume as of November, according to Dune data, with Opinion leading at $1.5 billion, Kalshi at $1.2 billion, and Polymarket at $952 million.

Total value locked across the sector reached $337 million in November, up sharply from earlier in the year as users discovered they could profit in stablecoins regardless of broader crypto market conditions.

The sector’s appeal centers on outcome-based returns that remain independent of crypto market fluctuations.

Most bets are placed in stablecoins, with results determined solely by whether predictions prove correct.

This structure has attracted participants who consistently earn even during market downturns, though questions about insider-like behavior and wallet patterns persist across platforms.

The sector’s booming growth has attracted big players as well.

Leaked screenshots show @Coinbase developing a prediction markets platform built on @Kalshi’s regulated infrastructure.#Kalshi #Coinbasehttps://t.co/2aWPAEBQcV

— Cryptonews.com (@cryptonews) November 19, 2025

Last month, Coinbase confirmed plans to launch its own prediction platform via Kalshi. At the same time, Robinhood and Susquehanna agreed to acquire 90% of LedgerX to operate a dedicated prediction futures exchange launching in 2026.

Robinhood said customers traded 9 billion contracts across more than 1 million accounts in the first year, making prediction markets its fastest-growing product by revenue.

Gemini also filed with the CFTC to become a designated contract market, and Crypto.com launched a prediction product with Trump Media.

In fact, Google Finance announced it will integrate Kalshi and Polymarket data directly into search results, bringing crowd-priced odds on future events alongside traditional market data.

Intercontinental Exchange, owner of the New York Stock Exchange, also agreed in October to invest up to $2 billion in Polymarket.

Trust Wallet Expands Financial Services Beyond Trading

Trust Wallet CEO Eowyn Chen previously outlined plans to transform the wallet into a Web3 neobank offering self-custody, asset exposure, DeFi access, staking, and identity management in one globally accessible app.

The company partnered with Ondo Finance in September to launch tokenized stocks and ETFs, giving users exposure to US equities without traditional brokerage accounts.

Chen said RWAs provide access to financial products previously unavailable to users in emerging markets, allowing participation without sacrificing custody or relying on centralized platforms.

So far, Trust Wallet has integrated the 1inch Swap API to consolidate prices from decentralized exchanges across Ethereum, BNB Chain, Polygon, and Solana.

The post Trust Wallet Enters Prediction Markets Race With New Trading Feature appeared first on Cryptonews.