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Breaking: Crypto Platform Polymarket Launches Real Estate Markets as Rep. Torres Introduces Bill on Prediction Markets

Paul Adedoyin
2 days ago
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via [email protected]
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Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Polymarket logo with Bitcoin, Ethereum, and Solana tokens, highlighting growth in crypto-based prediction markets and data-driven trading

Highlights

  • Polymarket has partnered with Parcl to introduce real-estate prediction markets in major cities
  • This expansion arrives as Congress prepares a bill to regulate prediction markets.
  • The proposed law aims to prevent insider trading on sensitive policy outcomes.

A new prediction market product has been launched by Polymarket in collaboration with Parcl. It provides fully transparent and data-driven predictions of housing prices to the market.

This implementation comes after an increased skepticism of prediction markets in the eyes of Congress. Lawmakers are also evaluating their roles in affecting financial and policy-based trades.

Polymarket Rolls Out Data-driven Housing Markets.

According to a joint statement by Parcl and Polymarket, the integration directly injects objective data into housing market settlement references. Parcl indices will be used by the markets to verify the outcomes in an auditable way. The companies say this as an easier way of giving opinions on the price of a house even if users do not own the property.

In the first phase of rollout, the partnership will aim at the large cities in the U.S and will move further as the demand increases. The announcement focuses on openness, standardized templates, and uniform resolutions across all listed market. Previously, Polymarket collaborated with MetaMask to gain more users to the prediction markets ecosystem and increase user adoption on both platforms.

Polymarket is making real estate a major new category in its ecosystem. The platform asserts that prediction markets can work best when there are no interpretation problems.

This is because results can be gathered and can be verified. Each listing has a resolution page in which the methodology is described, including the final amount of the settlement.

Is Prediction Markets Getting New Oversight?

The introduction of the new product comes at this time Congressman Ritchie Torres has presented a bill regarding prediction market activity in Washington. The conflicts of material non-public information are addressed by the proposed Public Integrity in Financial Prediction Markets Act.

Recent issues, such as a Polymarket trader profit from Nicolas Maduro arrest have led to insider scrutiny and heightened attention to transparency and conflict-of-interest protections. The bill would also prohibit federal officials and senior appointees from trading prediction contracts based on sensitive policies.

It also targets contracts associated with government activities or political results in platforms that carry out interstate trade. The proposal indicates the increasingly large interest in the intersection between prediction markets, governance and public trust. This discussion is running as parallel to the growth of prediction products aimed at consumers.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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