TL;DR
- Polymarket has integrated as a “Mini App” within World App, Sam Altman’s digital identity project.
- World App users can now bet on prediction markets using the stablecoin USDC and the WLD token.
- The integration coincides with a record $2 billion weekly volume in the global prediction market sector.
The decentralized prediction market sector is experiencing a significant expansion, highlighted by a new key strategic integration. World, the digital identity and mobile wallet project co-founded by Sam Altman, has integrated the popular prediction platform Polymarket.
According to the official announcement made this Tuesday, Polymarket is now available as a “Mini App” directly within the World App. This move allows the wallet’s millions of users to access and participate in Polymarket’s markets, merging decentralized digital identity (World ID) with betting on future events.
As of now, users can download and access the new Mini App “in countries where Polymarket’s services are permitted.”
Details and Context of the Boom
The integration allows World App users to participate in Polymarket’s markets using two key crypto assets: Circle’s USDC stablecoin and the identity project’s native token, WLD.
However, the availability of this feature is subject to significant regulatory barriers, as both platforms face usage restrictions globally. Polymarket, for example, has not yet relaunched in the United States, as it awaits formal approval from the Commodity Futures Trading Commission (CFTC).
Likewise, World noted that eligibility for WLD tokens is geographically restricted and is not available to users in areas such as New York state.
This strategic move comes at a time of peak fervor for the sector. The prediction market boom has hit a new historical milestone recently. According to Dune Analytics data compiled by Dunedata, weekly trading volumes on prediction markets surpassed $2 billion for the first time in mid-October, demonstrating growing interest.
The integration into World App, which in turn surpassed 100 million “Mini App” downloads in early October, provides Polymarket with direct access to a massive and growing user base. This synergy could further accelerate the prediction market boom as more users gain simplified tools to speculate on future events.
