Important points
- Parcl and Polymarket have announced a partnership to launch a real estate prediction market powered by Pacl's daily house price index.
- Polymarket operates and lists the prediction market, and Parcl provides the independent indicator data used to resolve the results.
Polymarket will soon allow users to trade whether home prices will go up or down. The company announced Monday that it is working with Parcl to build a new prediction market suite focused on real estate.
Powered by blockchain, Parcl tracks average home prices in cities and neighborhoods around the world, allowing users to see real estate price trends. Users can access real-time housing market data and take long or short positions through on-chain financial instruments.
As both companies point out, the future real estate market will rely on Perkel's own housing index for settlement purposes.
The partnership aims to remove the complexity and long timelines traditionally associated with real estate investing by combining daily index data with predictive market structures.
The rollout will begin in major U.S. 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 such as politics, finance, and international relations.
Deregulation by the current US administration has allowed Polymarket to reopen access to US users and add advisors from affiliated investment firms.
