Key Takeaways
- Parcl and Polymarket announced a partnership to launch real estate prediction markets powered by Parcl’s daily housing price indices.
- Polymarket will operate and list the prediction markets, while Parcl will provide independent index data used to resolve outcomes.
Polymarket will soon let users trade on whether home prices rise or fall. The company said Monday it is working with Parcl to create a new suite of prediction markets focused on real estate.
Blockchain-powered Parcl tracks average housing prices across global cities and neighborhoods, enabling users to gain exposure to real estate price trends. Users can access real-time housing market data and take long or short positions through onchain financial products.
The upcoming real estate markets will rely on Parcl’s independently published housing indices for settlement, as noted by the companies.
By combining daily index data with prediction market structures, the partnership aims to remove the complexity and long timelines traditionally associated with real estate investing.
The rollout will begin with major US cities, with plans to expand coverage and market formats based on user interest.
Polymarket operates on the Polygon blockchain and uses USDC for transactions. The platform hosts prediction markets across topics including politics, finance, and international relations.
Eased regulations under the current US administration have allowed Polymarket to reopen access for US users and add advisors from related investment firms.
Source: https://cryptobriefing.com/polymarket-real-estate-prediction/
