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Polymarket and Parcl Launch On-Chain Prediction Markets for US Housing
Key Takeaways
- Polymarket and Parcl are partnering to launch prediction markets tied to daily housing price indices using Parcl’s real-time data;
- Parcl provides transparent on-chain housing data on Solana to ensure fair, auditable market outcomes for Polymarket users;
- The rollout starts with high-liquidity US cities and will expand gradually, with standardized templates for consistent market operations.
On January 5, Polymarket and Parcl announced a partnership to introduce prediction markets based on daily housing price indices.
Polymarket will offer and manage the event markets, while Parcl will supply the data used for settlements and outcomes, which ensures clear and auditable resolution values.
The first set of markets will target major US housing areas. Participants can trade on whether home price indices in selected cities will rise or fall over specific time periods, or on whether indices meet designated threshold levels.
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Each market links to a Parcl resolution page that displays the final settlement number, past index values, and the method used to calculate them.
Parcl delivers real-time housing data and analytics through its on-chain platform, which uses Solana
Polymarket employs a prediction market model where users trade on real-world events, including politics, sports, and now housing trends.
Rollout will occur in stages. High-liquidity metropolitan locations will be prioritized first, with additional regions and market formats added based on interest. Standardized templates and tools will also be developed to ensure consistent contract terms and resolution processes.
Recently, Kalshi started allowing users to trade digital versions of its event contracts on the Solana blockchain. What did John Wang, Kalshi’s head of crypto, say? Read the full story.