Polymarket incorporates Bitcoin deposits to its prediction market


By Hannah Pérez

The development, which expands the financing options for the users of the popular prediction platform, occurs in parallel while Polymarket agrees multimillionaire investment of ICE, owner of NYSE.

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  • Bitcoin is now a deposit option in Polymarket.
  • More financing alternatives for cryptocurrencies.
  • Polymarket confirmed an injection of USD $ 2,000 million of ICE, owner of NYSE.
  • The millionaire investment will raise Polymarket to USD $ 9 billion.

The prediction market platform Polymarket has taken a significant step towards the expansion of its financing options by enabling deposits in Bitcoin (BTC), a measure that coincides with a boom in the price of cryptocurrency.

The announcement was made on Monday through its official account in X, where they declared: Bitcoin deposits. Now live “. This new functionality allows users to deposit BTC directly in their accounts, expanding the previous options that included tokens such as USDC, USDT, DAI and ETH in chains such as Ethereum, Polygon, Base, Arbitrum and Solarium.

Polymarketfounded in 2020, has positioned itself as the largest native crypto prediction platform, where users buy and sell actions in future events, from political elections to sports and cultural results. Payments due to successful predictions are made in USDC, and users can withdraw in USDC or USDC.E, according to the platform documentation.

The incorporation of Bitcoin It arrives at a favorable moment, with the price of BTC around the USD $ 124,700, near its newly conquered USD $ 126,000. Analysts of JPMorgan and Standard Chartered They predict that it could close the year between USD $ 165,000 and $ 200,000, driven by historically bullish trends in the fourth quarter.

Polymarket expands deposits options with bitcoin

This update not only increases accessibility for users, especially those who prefer Bitcoinbut also reflects optimism in the market. In the contract itself Polymarket about “What price will reach Bitcoin in October“, Traders assign the most likely to exceed USD $ 130,000 before November 1.

The platform experienced exponential growth during 2024, promoted by global interest in US presidential elections., And has recently integrated the oracle system of oracles Chainlink To ensure greater precision in prices -based bets, in addition to launching corporate profit markets after regulatory approvals.

Development occurs when in parallel, Polymarket confirms a massive financial impulse from Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE). The platform confirmed on Tuesday that ICE has agreed to make a strategic investment of USD $ 2 billion on the platform, valuing it at USD $ 9 billion.

The news was advanced by The Wall Street Journal This Tuesday and confirmed by Polymarket In X: “We are excited to announce that Intercontinental Exchange (ICE)-the parent company of @NYSE-is making a strategic investment of $ 2 billion to a post-value assessment of $ 9 billion. Together, we are building the next evolution of the markets “.

The movement marks an advance in the intersection between the traditional financial industry with the cryptocurrencies, strengthening the position of Polymarket In the cryptocurrency market in a moment of expansion to the United States, with individual Tato allies as institutional. This is just the beginningthe team added in X.


Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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