Prediction market platform Polymarket announced a partnership with housing data provider Parcl to create real estate prediction markets.
The integration will allow traders to speculate on home price movements using Parcl's daily housing indices as settlement mechanisms.
Markets will launch in phases starting with major U.S. cities.
Parcl will provide independent index data while Polymarket operates the trading platform.
What Happened
The partnership introduces markets where users can trade on housing price outcomes across defined time periods.
Market templates will include questions about whether city-level home price indices finish up or down over monthly, quarterly, or annual periods.
Each market will reference a dedicated Parcl resolution page showing final settlement values and index methodology.
Parcl CEO Trevor Bacon said real estate should become a major prediction market category.
Polymarket CMO Matthew Modabber emphasized the importance of clear, verifiable data for market settlement.
The companies plan to add more cities and market types based on user demand.
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Why It Matters
Real estate represents a major asset class but typically requires property-level complexity or long investment timelines.
Polymarket surpassed $9 billion in cumulative trading volume during 2024 according to industry reports.
The platform recently resumed U.S. customer access in December 2025 after a multi-year restriction following a 2022 CFTC settlement.
Parcl provides onchain products allowing users to take long or short positions on housing market movements.
The integration creates a new way to express directional views on housing markets with transparent settlement rules.
Housing data historically updates monthly or quarterly, making Parcl's daily indices relatively uncommon in the real estate data sector.
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