Polymarket and Parcl launch prediction markets tied to housing price indexes

Prediction market operator Polymarket and housing data provider Parcl announced Monday a partnership to launch real estate prediction markets that will settle against Parcl’s daily housing price indexes, bringing housing price data into prediction markets for the first time. Under the partnership, Polymarket will list and operate markets tied to movements in housing price indices while Parcl will supply the index data used to determine market outcomes and settlement values.

Each market will link to a Parcl resolution page showing the final settlement value, historical index data and the methodology used to calculate the index. The initial rollout will focus on major US housing markets, with contracts structured around whether local home price indexes rise or fall over set periods and threshold-based outcomes tied to published index levels.

The companies said the rollout will occur in phases, beginning with a limited set of high-liquidity US cities and expanding to additional markets and contract types over time. Parcl, founded during the early months of the COVID-19 pandemic, publishes real-time housing price indexes and analytics and operates onchain products tied to residential real estate prices, using Solana for settlement.

Parcl’s native token, PRCL, was up about 120% over the past 24 hours at time of writing, according to CoinGecko data.

Key Topics

Crypto, Polymarket, Parcl, Housing Price Index, Prediction Markets, Solana