- Polymarket and Parcl are launching U.S. housing prediction markets settled using daily price indices.
- Parcl supplies transparent housing data, while Polymarket operates and settles the prediction markets.
- The rollout starts with major U.S. cities and expands using standardized market templates.
Polymarket has joined efforts with Parcl to introduce real estate prediction markets that reference daily housing price indices. The collaboration expands prediction market offerings into residential property data, with an initial focus on U.S. housing markets.
Under the agreement, Polymarket will host and operate the prediction markets, while Parcl will provide the underlying housing price indices used for settlement. These indices are published daily and serve as the primary reference point for determining market outcomes.
Each prediction market will be tied to a specific Parcl resolution page, which will display the final index values, historical price context, and the methodology used to calculate the data. This structure is intended to ensure that market settlements are transparent and verifiable.
The markets are intended to allow participants to take positions on whether a specific city’s home price index moves up or down over defined periods, including monthly, quarterly, or annual timeframes. Settlement will occur based on the final values published on Parcl’s resolution pages at the end of each market period.
Initial Rollout and Expansion Plans
The initial phase of the rollout will focus on a limited number of high-liquidity U.S. cities. According to the company’s report, additional metropolitan areas and market types may be added in later stages, depending on user demand. Polymarket and Parcl also plan to develop standardized market templates jointly.
These templates are designed to align terms, timelines, and resolution criteria across markets, thereby reducing variability and enhancing consistency for participants. The rollout will take place in stages, with each phase adding new markets as infrastructure and demand allow.
Statements From Executives
Trevor Bacon, Parcl CEO, stated that prediction markets are gaining traction as a way to express market views and said housing data is a natural category for this type of product. He noted that Parcl’s indices are designed to provide clear, data-driven reference points for market resolution.
In addition, Polymarket CMO Matthew Modabber noted that the use of Parcl’s daily housing indices offers a clear and auditable basis for resolving prediction markets, which he described as a key requirement for scaling prediction-based products.
Market Context and Token Data
Following the announcement, Parcl’s native token, PRCL, saw an increase in its market capitalization. At the time of writing, the token was trading at $0.03718, with a 24-hour trading volume of $47,275,521.
The token recorded a 74.32% increase over the past 24 hours and a 95.29% increase over the past seven days. With a circulating supply of 450 million PRCL, the token’s market capitalization stands at $16,813,236.
Related: Polymarket and Kalshi Face a New Rival as Gemini Enters Prediction Markets With Oversight
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