Cz-owned Trust Wallet Debuts Prediction Markets Starting With Myriad

Trust Wallet is the latest crypto wallet to tap into prediction markets, starting with Myriad, highlighting an increasing trend of bundled trading tools.

Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, is the latest wallet to tap into prediction markets.

Trust Wallet has launched Predictions, a new wallet-native section allowing users to trade and earn on real-world events with full self-custody, the company announced Tuesday.

“Eligible users can view events, take positions on outcomes such as yes or no and track how each event develops over time, all within their existing Trust Wallet,” Trust Wallet said.

From Tuesday, Trust Wallet’s Predictions will aggregate markets from multiple platforms, enabling users to trade predictions on a wide range of topics, including crypto, politics, sports, entertainment and global events.

Trust Wallet’s foray into prediction markets begins with an integration of the Web3 prediction market protocol Myriad and is set to expand to major platforms like Kalshi and Polymarket soon.

“Predictions is live today in Trust Wallet powered by Myriad,” Trust Wallet CEO Eowyn Chen told Cointelegraph, adding that Kalshi and Polymarket are expected to join in the coming weeks.

Launched in March, Myriad is a new entrant in the prediction market space, reaching $100 million in cumulative trading volume by late November.

By comparison, data compiled by Dunedata on Dune Analytics shows that major prediction markets such as Kalshi, Opinion and Polymarket each handle about $1 billion in daily trading volume.

Trust Wallet’s move into prediction markets came weeks after it launched tokenized stocks in collaboration with Ondo Finance in September, reflecting a trend for uniting different trading tools within one platform.

Source: CoinTelegraph