Polymarket Introduces ‘Up/Down’ Stock Markets

Polymarket launches markets for predicting stock, index, and commodity movements.

The prediction platform Polymarket has launched markets that allow users to forecast the rise or fall of stocks, indices, and commodities, reports The Block, citing company representatives.

Users can now place bets on whether the prices of various financial instruments will be above or below a specified level at a certain time.

In the new Finance section, contracts are categorized into stocks, earnings, indices, commodities, acquisitions, IPO, Fed rates, business, government bonds, and others. The data sources are listed as The Wall Street Journal and Nasdaq.

The new type of contracts strengthens Polymarket’s position and presence in the realm of traditional finance. They follow the recent launch of corporate earnings forecast markets, coinciding with the platform’s return to the US market. This update has expanded the project beyond political and macroeconomic themes to include predictions on individual companies.

The integration of this new functionality offers a broad range of users the opportunity to speculate on the stock market without brokerage accounts and leverage.

According to some reports, Polymarket’s valuation is approaching $10 billion.

Amid growing institutional support, the combined monthly trading volume on the two leading prediction platforms has reached $4.5 billion.