Polymarket Expands into Real Estate with New Prediction Market Options

Shared 8 January, 2025

Polymarket

Polymarket Joins Forces with Parcl to Enter Real Estate Markets.

Earlier this week, Polymarket, a leader in prediction markets, revealed a strategic partnership with Parcl, a company specializing in crypto-backed housing data. This collaboration introduces new prediction markets focused on home price fluctuations in key U.S. cities.

With this latest development, Polymarket extends its portfolio beyond elections, sports, and macroeconomic indicators, allowing users to speculate on changes to city home price indexes. Traders can now predict whether prices will rise or fall over specific periods or reach certain predetermined levels.

Parcl’s real-time housing data and blockchain-based real estate platform make it an ideal collaborator as Polymarket steps into the housing sector. Both companies highlight that assessing the housing market typically involves numerous complex factors, but their partnership aims to simplify this by providing transparent rules for settlements and fully auditable resolution data.

The rollout will occur in phases, initially targeting a select number of cities with high liquidity before gradually expanding to more metropolitan areas. Together, the teams plan to develop standardized templates and tools to streamline market creation while maintaining consistent terms, timelines, and criteria for resolving outcomes.

Source

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