Cryptocurrency traders can now bet on housing market prices after Polymarket and real estate data provider Parcl announced a partnership to build a new set of house price prediction markets.
The partnership will be based on Parcl’s daily home price indices, according to a news release. Under the agreement, Parcl will supply independent daily real estate indices that will serve as a settlement benchmark, while Polymarket will quote and operate the markets.
Initial templates will focus on major US metropolitan areas, allowing traders to bet on outcomes such as whether a given city’s index rises or falls over a defined period. Each market will settle against Parcl’s publicly verifiable index values, giving participants a clear signal for resolution.
“Real estate should be a blue-chip category in prediction markets,” Polymarket’s Matthew Modabber said in the announcement, highlighting the importance of clear, verifiable data for transparent settlement. Trevor Bacon, CEO of Parcl, framed the partnership as part of a “paradigm shift” in the way markets express opinions and point to the truth.
The move marks a broader evolution for prediction markets, which have grown beyond elections and macro betting into areas such as sports, pop culture and now real estate.
This isn’t the first time betting platforms have added property forecasts: in 2008, UK betting exchange Betfair ran markets linked to a housing crisis, and during the 2020 pandemic, its Australian subsidiary did the same as house prices swung amid lockdowns.
