TLDR
- MetaMask introduced perpetual futures trading via Hyperliquid on October 8, 2025, enabling in-wallet derivative trading
- Polymarket prediction markets will be integrated into MetaMask later in 2025 for betting on elections, sports, and business events
- MetaMask Rewards program launches in October with three-month seasonal cycles and $30 million in LINEA tokens
- Polymarket integration excludes US, UK, France, Singapore, Poland, Thailand, Australia, Belgium, Taiwan, and Ontario
- Intercontinental Exchange invested $2 billion in Polymarket this week, valuing it at $9 billion
MetaMask unveiled major platform upgrades on Wednesday that expand the crypto wallet beyond basic asset storage. The company launched perpetual futures trading and announced a partnership with Polymarket for prediction markets.
The perpetual trading feature powered by Hyperliquid went live October 8 in select regions. Users can trade derivatives without leaving their MetaMask wallet. The system supports one-click funding from any Ethereum Virtual Machine chain and removes swap fees for perpetual trades.
Decentralized perpetual trading volume hit $765 billion in August 2025 according to MetaMask data. Hyperliquid leads the decentralized perps market. Despite this growth, centralized exchanges still dominate due to easier user interfaces.
MetaMask wants to combine the simplicity of centralized platforms with decentralized security. The company believes this approach will attract users from traditional exchanges.
Polymarket Brings Prediction Markets to MetaMask
MetaMask will add Polymarket’s full prediction market suite later in 2025. Users can bet on real-world events including political elections, sports matches, and company earnings. The feature lets users buy and sell shares on event outcomes directly through the wallet.
The Polymarket integration will work globally except in restricted regions. Banned locations include the US, UK, France, Singapore, Poland, Thailand, Australia, Belgium, Taiwan, and Ontario, Canada.
Gal Eldar, MetaMask’s global product lead, explained the partnership supports the wallet’s evolution into a comprehensive financial gateway. Users can trade, earn, invest, and speculate while maintaining self-custody of their assets.
Prediction markets gained traction during the November 2024 US election. The sector continues to grow despite cooling from peak volumes.
September 2025 saw Polymarket process $1.43 billion in volume while Kalshi handled $2.74 billion. Combined, these figures exceeded the previous November 2024 record. Wall Street has noticed, with NYSE parent Intercontinental Exchange investing $2 billion in Polymarket on Tuesday at a $9 billion valuation.
Rewards Program and Token Launch
MetaMask Rewards will launch by October’s end in permitted regions. The program runs on three-month seasonal cycles where users earn points through various activities.
Point-earning activities include token swaps, perpetual trades, referrals, MetaMask Card spending, and holding mUSD stablecoin. Benefits include access to $30 million in LINEA token allocations, reduced perpetual trading fees, priority support, point multipliers, and a free MetaMask Metal Card for one year.
These features follow MetaMask’s confirmation of the upcoming MASK token launch. Consensys CEO Joseph Lubin told The Block the company is actively developing MASK, though no launch date is set.
The perpetual trading feature addresses growing demand for decentralized derivative markets. MetaMask aims to capture market share from centralized exchanges while preserving user control over assets.
Eldar said prediction markets function as truth-seeking systems. When enough participants engage with proper incentives, markets self-correct toward accurate outcomes. Greater liquidity speeds this convergence toward reality.
MetaMask, built by Consensys, ranks among the most popular crypto wallets. The new trading and prediction market features represent the platform’s expansion from simple storage to active financial participation.
