Polymarket to launch real estate prediction markets in partnership with Parcl

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Source: CryptoBriefing Original Title: Polymarket to launch real estate prediction markets in partnership with Parcl Original Link:

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 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.

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0xLostKeyvip
· 21h ago
Are house prices also going on the chain for speculation? This move is probably going to harvest a bunch of people's gains.
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On-ChainDivervip
· 01-05 17:51
Housing prices are so inflated that you have to go on the blockchain to gamble? That's hilarious. Americans really know how to play.
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SchrodingerWalletvip
· 01-05 17:51
Housing price prediction market? Now there's a new twist on on-chain gambling. I really can't understand the housing prices in those American cities.
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LayerZeroHerovip
· 01-05 17:51
It has proven that prediction markets are finally starting to touch the real estate sector with tangible assets. Parcl's house price index, as a data source, has a quite practical protocol architecture design to avoid the hassle of maintaining a feeding price mechanism. However, we need to see how the cross-chain bridging is implemented, as the security risks of asset migration could be disastrous if they are exploited.
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SoliditySlayervip
· 01-05 17:47
Housing price prediction market? Now you can bet on the real estate market, unbelievable
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MelonFieldvip
· 01-05 17:37
They dare to gamble on house prices, these guys really dare to play.
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MysteriousZhangvip
· 01-05 17:31
Can you even gamble on house prices? Web3 really dares to play everything.
View OriginalReply0
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