Gate is preparing to launch GateDEX Prediction Market on June 18, bringing a more decentralized structure to one of crypto’s busiest derivatives niches. The exchange said the new venue will differ from its main-site prediction market in several material ways, most notably in how users log in, who authorizes trades and where positions are settled.
Under the new setup, traders will connect a Gate account to a Web3 wallet rather than trading entirely inside the exchange’s internal system. Gate said order authorization will move from the exchange signing on a user’s behalf to the user signing with their own wallet. That shift matters because it pushes more control and more responsibility directly to the trader, while also making the product look and function more like an on-chain market.
Settlement will also change. Instead of using Gate’s internal USDT ledger, positions will settle on Polygon in USDC. For traders, that creates direct on-chain exposure and makes the market easier to track outside the exchange’s books. It also introduces the usual chain-specific considerations – wallet management, network conditions and token liquidity all become part of the equation.
Ownership is another clear difference. Gate said positions on the new platform will be held directly in the user’s wallet rather than pooled in a Gate account. That is a meaningful structural change for a prediction market, since it alters custody, transparency and the user’s ability to inspect holdings on chain.
The exchange is also trying to lower the barrier to entry. Gate said onboarding will use a TEE quick wallet with one-click access, designed to avoid browser extensions, private-key handling and manual network switching. That is a familiar playbook across crypto products now trying to make self-custody feel less intimidating without fully giving up the on-chain model.
The launch comes as prediction markets continue to pull in attention from retail traders and exchanges looking for new fee streams. The real test will be execution. Traders will be watching whether the rollout is smooth, whether Polygon liquidity is deep enough to support active markets and whether the product gains traction beyond Gate’s existing user base once it goes live on June 18.
GateDEX to launch on-chain prediction market on Polygon June 18
GateDEX Prediction Market is launching on June 18 with improved user control and on-chain settlement on Polygon. It offers direct wallet ownership and simplified onboarding with a quick wallet solution.