Polymarket Launches Stock Price Prediction Market Using Crypto
Polymarket, a decentralized predictions platform, has introduced a novel product allowing crypto-settled wagers on stock price movements. The controversial offering comes as regulators hint at potential exemptions for blockchain-based gambling innovations.
Each contract covers a 24-hour window where traders speculate on whether a stock will rise or fall. The platform's structure mirrors traditional binary options but uses cryptocurrency for collateral and payouts. NYSE parent Intercontinental Exchange's prior investment in Polymarket suggests institutional interest in such hybrid products.
Market observers note the development blurs lines between securities trading and gambling. While no official announcement exists, leaked materials indicate the feature went live this week. Regulatory scrutiny appears inevitable given the product's potential to circumvent financial oversight through crypto rails.
