On January 5, Polymarket and Parcl announced a partnership to introduce prediction markets based on daily housing price indices.
Polymarket will offer and manage the event markets, while Parcl will supply the data used for settlements and outcomes, which ensures clear and auditable resolution values.
The first set of markets will target major US housing areas. Participants can trade on whether home price indices in selected cities will rise or fall over specific time periods, or on whether indices meet designated threshold levels.
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Each market links to a Parcl resolution page that displays the final settlement number, past index values, and the method used to calculate them.
Parcl delivers real-time housing data and analytics through its on-chain platform, which uses Solana
for settlement. The company provides a neutral source of home price data, enabling transparent, verifiable market outcomes.
Polymarket employs a prediction market model where users trade on real-world events, including politics, sports, and now housing trends.
Rollout will occur in stages. High-liquidity metropolitan locations will be prioritized first, with additional regions and market formats added based on interest. Standardized templates and tools will also be developed to ensure consistent contract terms and resolution processes.
Recently, Kalshi started allowing users to trade digital versions of its event contracts on the Solana blockchain. What did John Wang, Kalshi’s head of crypto, say? Read the full story.
