Trust wallet now offers prediction market

[Alpha Marine]

The primary purpose of a wallet is to store funds, whether bitcoin or any other coin. Integrating other services into the wallet shouldn't be something we should be grateful for. Especially, prediction markets, gambling services and other speculative services are not services I admire so much to be included in wallets. What if one day I suddenly switch from storing my bitcoins to using my bitcoins to make predictions and patronise other services included in the wallet? That is a wrong thing to do, i will lose bitcoins; something i would have avoided. There is everything wrong with prediction markets being integrated into wallets. Whether other wallets have included external services in wallets or not, that doesn’t make it right.

Things evolve. This is exactly why people who use it like it. I don't use Trust Wallet, I have already stated that this is one of the reasons I stopped using it.
Some people like the convenience. They like the fact that they can get everything they want in one app. Exchanges started as just crypto exchanges till they evolved, and now some trade stock, gold and now some even offer prediction markets.
Some like the all-in-one package, and it is for those people that these services were made. For people who don't like it, you won't use it.

And I don't believe the fact that it's there in the wallet would mean people will lose more money. If you were playing directly from the prediction market's site, all you need to do is scan the QR code to make a transfer. So it's still very easy.
People lose money in gambling and prediction markets all the time, even though it's not in their wallet app.

[bakasabo]

The primary purpose of a wallet is to store funds, whether bitcoin or any other coin. Integrating other services into the wallet shouldn't be something we should be grateful for. Especially, prediction markets, gambling services and other speculative services are not services I admire so much to be included in wallets. What if one day I suddenly switch from storing my bitcoins to using my bitcoins to make predictions and patronise other services included in the wallet? That is a wrong thing to do, i will lose bitcoins; something i would have avoided. There is everything wrong with prediction markets being integrated into wallets. Whether other wallets have included external services in wallets or not, that doesn’t make it right.

Telephone used to be gadget we were using only for phone calls. Then it got evolved into mobile phones that were used for calls and messaging. Now look at features your mobile has; camera, navigation, games, music player and many more. All due to trends on market. 1000% sure there would be even more features added to wallets in future. It is strange that wallets did not have walk-to-do and similar features when they were trendy.

[SamReomo]

It’s the first I am seeing this but then again I don’t use trust wallet. It is something that I am not surprised to see integrated into a wallet application and honestly it’s too easy nowadays for a company to implement something like this. I wonder if more wallets will follow suit and keep the trend going. Personally I am not crazy about the prediction betting markets but I also have not really tried them out, I have been meaning to though.

Well, not only you but there are many people here on this forum who don't use Trust Wallet because they can't trust it as it's a closed source wallet not an open source one. Trust Wallet is an easy way for people to have multi features in a single wallet but again there's always risk involved in using it and storing ones coins in it.

These days prediction markets are all over and if you haven't tried those you can check Polymarket or other prediction markets to understand how they work. They allow users to bet on multiple events including sports events, Bitcoin price in different time frames and on many other events. However, I think it'll be much convenient to use such markets when they're easily available using your wallet, in this care Trust Wallet..

[Cossyblack]

What if one day I suddenly switch from storing my bitcoins to using my bitcoins to make predictions and patronise other services included in the wallet?

I think the main reason trust wallet integrated prediction services into its wallet is because they wanted to generate additional income to their pocket. i understand the temptation of holding bitcoin in a platform that  also offer gambling services,if you can't resist the temptation, i advise you should transfer your bitcoin to a different non custodia wallet and stop using trust wallet altogether so that you can avoid using your bitcoin to play gambling.

There is everything wrong with prediction markets being integrated into wallets. Whether other wallets have included external services in wallets or not, that doesn’t make it right.

I agree with your points and i see reason to what you're trying to say but these services are optional. I would say those services wouldn't be good for a gambling addict because they will eventually wipe out their bitcoin.

[arwin100]

It’s the first I am seeing this but then again I don’t use trust wallet. It is something that I am not surprised to see integrated into a wallet application and honestly it’s too easy nowadays for a company to implement something like this. I wonder if more wallets will follow suit and keep the trend going. Personally I am not crazy about the prediction betting markets but I also have not really tried them out, I have been meaning to though.

Well, not only you but there are many people here on this forum who don't use Trust Wallet because they can't trust it as it's a closed source wallet not an open source one. Trust Wallet is an easy way for people to have multi features in a single wallet but again there's always risk involved in using it and storing ones coins in it.

These days prediction markets are all over and if you haven't tried those you can check Polymarket or other prediction markets to understand how they work. They allow users to bet on multiple events including sports events, Bitcoin price in different time frames and on many other events. However, I think it'll be much convenient to use such markets when they're easily available using your wallet, in this care Trust Wallet..

They are not best wallet option to use, knowing their issues and past hacking incident happened in their platform.

I'd rather choose other self custody wallet, rather than staying in their platform. Because their wallet is so prone to experience same exploit on which they experience before.

Even if we say they have prediction market now. I will still choose to use those well established platform. Rather than trusting and take a risk for using their services. For sure there are lots more better site than them and would rather stick on Polymarket or other well established prediction market.

[Pandu Geddon]

And I don't believe the fact that it's there in the wallet would mean people will lose more money. If you were playing directly from the prediction market's site, all you need to do is scan the QR code to make a transfer. So it's still very easy.
People lose money in gambling and prediction markets all the time, even though it's not in their wallet app.

We know that the character of people using their money determines how they can lose more money. An exchange platform that provides features or is affiliated with prediction markets is still reasonable. It's just that a wallet used to store assets now has more features that some users may find to make things easier. But for some people, it is still not good. 
However, this should not really be a problem, moreover, people using that wallet might not store large amounts of assets or keep them long-term. The users might indeed think of leaving a small amount of assets for routine transaction needs such as trading or making deposits to a casino.

[vs2014]

By adding such new features like prediction markets, trust wallet wanna draw more users' attention but it also raises some concern. I mean people use trust wallet to manage their crypto assets but besides adding sports prediction, political news and other things can make this platform complicated. Besides some people may use that prediction as a safe way to earn money while that can lead them to financial crisis. Although i see this as an interesting development but trust wallet should need to maintain security when it comes to adding new features along with making the wallet simple and secure

[Hispo]

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Well, from my understanding the wallet provider is supposed to have control over one's stablecoins in order to issue a Visa/MasterCard card in our name.
In a similar manner how it happens in Binance, for example, they give you a card and since they have control over our crypto, through their private keys, when they can easily discount whatever balance we have decided to use through our card in the form of Fiat. I don't know how possible it would be for an open source and truly non-custodial wallet to offer a card, of their issuer of the card does not have power on our crypto.

Perhaps it would require us to pre-fund our card before giving us the chance to spend with it.

[abel1337]

By adding such new features like prediction markets, trust wallet wanna draw more users' attention but it also raises some concern. I mean people use trust wallet to manage their crypto assets but besides adding sports prediction, political news and other things can make this platform complicated. Besides some people may use that prediction as a safe way to earn money while that can lead them to financial crisis. Although i see this as an interesting development but trust wallet should need to maintain security when it comes to adding new features along with making the wallet simple and secure

It seems that they are heading to a new direction, and I'm guessing that that direction needs to generate a lot of money. This looks likes coinbase, they also added a prediction market on their system and it seems other wallet follows. We maybe seeing other wallet follow this trend.

We can't control these wallet companies as they are trying to generate revenue to sustain their businesses. Prediction market is hot right now and I think that they are trying to take the opportunity as they have an existing user base, they only need to add the prediction market and wait for people to use it. I'm seeing this more on the business side.

[Webutxo]

Telephone used to be gadget we were using only for phone calls. Then it got evolved into mobile phones that were used for calls and messaging. Now look at features your mobile has; camera, navigation, games, music player and many more. All due to trends on market. 1000% sure there would be even more features added to wallets in future. It is strange that wallets did not have walk-to-do and similar features when they were trendy.

I think mobile phones and other things you mentioned are different inventions that were put together to create a smart phone. Camera is different invention, phone is different, games used to be played on televisions and all these things are together because they are meant to work fit each other. I understand the expansion of wallets but Trust wallet storage is going towards common centralized apps, the concept of crypto wallet is different from other apps.

There are money wallet that has some of this integration of casino apps on their phone, some of the banking apps have partnership with some popular casino for making deposits easy for users making them a centralized system, all these things are very similar to what Trust wallet is doing yet they claim to be a decentralized wallet which in these case they are not, they are building for exactly why Binance bought them years ago.

[Royal Cap]

By adding such new features like prediction markets, trust wallet wanna draw more users' attention but it also raises some concern. I mean people use trust wallet to manage their crypto assets but besides adding sports prediction, political news and other things can make this platform complicated. Besides some people may use that prediction as a safe way to earn money while that can lead them to financial crisis. Although i see this as an interesting development but trust wallet should need to maintain security when it comes to adding new features along with making the wallet simple and secure

Honestly, I don't like such features in a trust wallet as a self custody app. Because a wallet should be where I can safely hold my funds. But if you add unnecessary or extra features, the main idea of ​​self custody is lost, at least I think. However, since trust wallet is a product of Binance, they have added this feature to attract more users, thinking that you are getting the opportunity to bet within self custody, meaning you are betting independently. Anyway, at least I am not in favor of betting on any predictions here.

[Ojima-ojo]

By adding such new features like prediction markets, trust wallet wanna draw more users' attention but it also raises some concern. I mean people use trust wallet to manage their crypto assets but besides adding sports prediction, political news and other things can make this platform complicated. Besides some people may use that prediction as a safe way to earn money while that can lead them to financial crisis. Although i see this as an interesting development but trust wallet should need to maintain security when it comes to adding new features along with making the wallet simple and secure

Honestly, I don't like such features in a trust wallet as a self custody app. Because a wallet should be where I can safely hold my funds. But if you add unnecessary or extra features, the main idea of ​​self custody is lost, at least I think. However, since trust wallet is a product of Binance, they have added this feature to attract more users, thinking that you are getting the opportunity to bet within self custody, meaning you are betting independently. Anyway, at least I am not in favor of betting on any predictions here.

Some gamblers prefer simplicity and ease of access as against their expected privacy and security, although, so for some gambler to have a prediction market feature on their trust wallet is a big convinence for them and they will simply welcome such development, trust wallet will not just implement such features in their platform fro no reason.


They did that because of users demand on them to get such service, even though is not security wise to have both wallet that store money and gambling services in the same place, for fear of addictions and temptation to exuste their money easily.

[Peanutswar]

[...]
The primary purpose of a wallet is to store funds, whether bitcoin or any other coin. Integrating other services into the wallet shouldn't be something we should be grateful for. Especially, prediction markets, gambling services and other speculative services are not services I admire so much to be included in wallets. What if one day I suddenly switch from storing my bitcoins to using my bitcoins to make predictions and patronise other services included in the wallet? That is a wrong thing to do, i will lose bitcoins; something i would have avoided. There is everything wrong with prediction markets being integrated into wallets. Whether other wallets have included external services in wallets or not, that doesn’t make it right.

This is the reason why having a burner wallet is a must, at the first place is you need to make sure you diversify your assets. A wallet that is use for a long term hodling and coins you didn't use too much it's just the wallet less often to use now if you are into engagement into crypto projects that requires you to connect your wallet that's the time you have a burner wallet this wallet is use for an active transactions such as connect of wallets, staking and use for an active exchange, swaps, send and received other crypto assets. Now some of the wallets need to get ride with the trend and opportunities to earn extra from their users thats why they offered market predictions for those who wanted to seek fun while hodling their assets not all the time there is an activity with your wallet.

[eisen33]

This is the reason why having a burner wallet is a must, at the first place is you need to make sure you diversify your assets. A wallet that is use for a long term hodling and coins you didn't use too much it's just the wallet less often to use now if you are into engagement into crypto projects that requires you to connect your wallet that's the time you have a burner wallet this wallet is use for an active transactions such as connect of wallets, staking and use for an active exchange, swaps, send and received other crypto assets. Now some of the wallets need to get ride with the trend and opportunities to earn extra from their users thats why they offered market predictions for those who wanted to seek fun while hodling their assets not all the time there is an activity with your wallet.

I think that when it comes to additional income, like staking, which Trust Wallet also offers, could be the solution. Although this certainly doesn't apply to all tokens, as some tokens can be staked and receive a profit, but the token's price falls so quickly that staking doesn't make sense. For Trust Wallet, prediction markets are another way to earn fees. Because Trust Wallet isn't just a wallet, it's also a project that generates profit for its owners. Therefore they're trying to add every possible feature to Trust Wallet that will be of interest to their users.

[Floxynice]

[...]
The primary purpose of a wallet is to store funds, whether bitcoin or any other coin. Integrating other services into the wallet shouldn't be something we should be grateful for. Especially, prediction markets, gambling services and other speculative services are not services I admire so much to be included in wallets. What if one day I suddenly switch from storing my bitcoins to using my bitcoins to make predictions and patronise other services included in the wallet? That is a wrong thing to do, i will lose bitcoins; something i would have avoided. There is everything wrong with prediction markets being integrated into wallets. Whether other wallets have included external services in wallets or not, that doesn’t make it right.

This is the reason why having a burner wallet is a must, at the first place is you need to make sure you diversify your assets. A wallet that is use for a long term hodling and coins you didn't use too much it's just the wallet less often to use now if you are into engagement into crypto projects that requires you to connect your wallet that's the time you have a burner wallet this wallet is use for an active transactions such as connect of wallets, staking and use for an active exchange, swaps, send and received other crypto assets. Now some of the wallets need to get ride with the trend and opportunities to earn extra from their users thats why they offered market predictions for those who wanted to seek fun while hodling their assets not all the time there is an activity with your wallet.

Thank you, you gave a very valid advice. Alot of users have quoted me and in majority of the replies, they made it look like using same wallet you use in storing your bitcoins, in trading on the prediction markets is nothing, as long as the prediction markets cannot just steal your bitcoins just like that. But they fail to understand that the activities of the user and his lifestyle can make him lose his bitcoins if he has no self control to regulate what he does with his wallets.

This is why I agree with your advice 100%, I mean the advice of diversifying your assets and also having a separate wallet that can be used to patronise the prediction markets and other services if they are that important to the user. This advice proves that you understand the risks of using one single wallet that contains your whole assets to patronise third party services that are addictive in nature.

[Curious T]

This is the reason why having a burner wallet is a must, at the first place is you need to make sure you diversify your assets.

This solves the whole issue of losing money and gambling more than you planned. If you know you cannot control yourself, you can simply move your coins to a different wallet and leave only the amount you wish to gamble with. You can fund the wallet from time to time. Trust wallet is not even the right wallet to keep your coins for long term. If you have a lot of Bitcoin, it's only normal that you spread them across different wallets. I don't even think two alone is enough. It doesn't make sense to have only one wallet. So if you want to use the prediction market feature on trust wallet and you can't control yourself, you can simply get another wallet for holding your bitcoin.

[bakasabo]

Telephone used to be gadget we were using only for phone calls. Then it got evolved into mobile phones that were used for calls and messaging. Now look at features your mobile has; camera, navigation, games, music player and many more. All due to trends on market. 1000% sure there would be even more features added to wallets in future. It is strange that wallets did not have walk-to-do and similar features when they were trendy.

I think mobile phones and other things you mentioned are different inventions that were put together to create a smart phone. Camera is different invention, phone is different, games used to be played on televisions and all these things are together because they are meant to work fit each other. I understand the expansion of wallets but Trust wallet storage is going towards common centralized apps, the concept of crypto wallet is different from other apps.

There are money wallet that has some of this integration of casino apps on their phone, some of the banking apps have partnership with some popular casino for making deposits easy for users making them a centralized system, all these things are very similar to what Trust wallet is doing yet they claim to be a decentralized wallet which in these case they are not, they are building for exactly why Binance bought them years ago.

The idea of my post to show that mobile phone turned into something more than gadget that people to make phone calls and write massages because trendy products and inventions were added to mobile phones. Because of that it is normal for original product to change over time, evolve and adopt to modern world.

Why do you think that Trust wallet is going into centralization direction if it has prediction market feature? Maybe you think that prediction market = centralization? Btw largest prediction platform Polymarket is decentralized.

[Alex077]

The idea of my post to show that mobile phone turned into something more than gadget that people to make phone calls and write massages because trendy products and inventions were added to mobile phones. Because of that it is normal for original product to change over time, evolve and adopt to modern world.
Why do you think that Trust wallet is going into centralization direction if it has prediction market feature? Maybe you think that prediction market = centralization? Btw largest prediction platform Polymarket is decentralized.

I also don’t think that simply adding a prediction market to Trust Wallet automatically means that it’s moving toward centralization. Here, I think we need to separate expanding the wallet’s functionality from control over users’ funds. If the wallet remains non-custodial and users still have full control over their private keys, adding new services by itself doesn’t make it centralized.

A prediction market is just another feature, pretty much like built-in swaps, staking, or buying crypto. The other question is how exactly this feature is implemented. If you have to use a centralized intermediary, go through KYC, or hand over custody of your funds to access the prediction market, then that particular part of the service can indeed have elements of centralization. But that still doesn’t mean that Trust Wallet as a whole becomes a centralized wallet.

Overall, I also agree with the smartphone analogy. A modern crypto wallet is gradually turning from a simple tool for storing and sending coins into an entire platform with many different services. The only question is making sure that while adding all these new features, it doesn’t lose the main advantage of a crypto wallet - the user’s control over their own funds.

[sompitonov]

This solves the whole issue of losing money and gambling more than you planned. If you know you cannot control yourself, you can simply move your coins to a different wallet and leave only the amount you wish to gamble with. You can fund the wallet from time to time. Trust wallet is not even the right wallet to keep your coins for long term. If you have a lot of Bitcoin, it's only normal that you spread them across different wallets. I don't even think two alone is enough. It doesn't make sense to have only one wallet. So if you want to use the prediction market feature on trust wallet and you can't control yourself, you can simply get another wallet for holding your bitcoin.

Trust Wallet has been involved in a few scandals for instance, a breach in the Google Chrome browser extension in 2025 resulted in users losing around $7 million. I believe that after this incident, many users began storing their funds in other wallets because trust had been undermined. Of course, this doesn't stop us from using the forecasting features built into the wallet, but it is still better not to keep large sums there and instead look for more secure alternatives. In any case, Trust Wallet keeps up with trends, and it is worth trying to make a few predictions especially if our forecasting skills are better than average.

[Synchronice]

This is an interesting approach from Trust Wallet. At first I thought that they created a prediction market but as I see, they aren't competing with Polymarket, instead, they are becoming a distribution layer for Polymarket and other companies in this niche. They actually help Polymarket to reach more users and improving the experience of their own users by the fact that if their user wants to use Polymarket's service, they no longer need to transfer things from wallet to wallet on blockchain.

But is it making sense? I will rather use wallets lije Electrum or Bluewallet, bit Unstoppable fir altcoins. None of these wallets are having prediction markets.

Trust wallet is prediction market aggregator, making trust wallet owner to be making money from those that are accessing the prediction markets through the wallet. Or is it not true?

Some people will become addicted and easily use their wallet to lose more money easily.

I don't trust the so called Trust wallet and I would certainly use Electrum and Unstoppable but here is the thing, too many people still use Trust wallet for some reasons. Don't forget, people still use Ledger hardware wallets after everything that happened.

Yes, Trust wallet is a prediction market aggregator.

It's not the problem of the Trust wallet if someone becomes addicted to prediction markets. If I was the user of Trust wallet, I would find it pleasant and comfortable to have the ability to use Prediction Market so easily. I don't get addicted to such things and even if I got, that would be my responsibility and my own fault, not Trust Wallet's.