Polymarket is to launch real estate prediction markets in partnership with Parkle.
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Parkle and Polymarket have announced a partnership to launch real estate prediction markets powered by Parkle's daily house price indices. Polymarket operates and lists the prediction markets, while Parkal provides an independent index used to settle results.
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Polymarket will soon allow users to trade on rising or falling house prices. The company announced Monday that it is working with Parkle to create new prediction markets focused on real estate.
Blockchain-powered Parkal tracks average housing prices in cities and neighborhoods around the world, allowing users to be exposed to real estate price trends. Users can access real-time housing market information and take long or short positions through onchain financial products.
As stated by the companies, the future real estate markets will depend on the housing indices published privately by Parker.
By combining daily index data with predictive market structures, the partnership aims to eliminate the complexity and timeliness typically associated with real estate investing.
The rollout will begin in major US cities, with plans to expand coverage and market formats based on consumer demand.
Polymarket runs on the Polygon blockchain and uses USDC for transactions. The platform hosts prediction markets on all topics including politics, finance and international relations.
Eased regulations under the current US administration have allowed Polymarket to open access to US users and add advisors to related investment firms.
