Polymarket, a crypto-native market for prediction, now supports bitcoin deposits. This gives users the option to deposit BTC along with other cryptos.
Bitcoin’s recent rise to record highs coincides perfectly with this move. above The current price of $126,000 is around $124.300. This reflects the growing popularity for cryptocurrency-native financing options available on prediction platforms.
Polymarket has taken the world by storm over the past two years, emerging as the largest prediction market where users trade shares tied to the outcomes of real-world events — essentially betting on what the future holds.
Polymarket traders are optimistic about bitcoin’s price. Around 83% of traders are bullish about the bitcoin price. now predict Bitcoin will reach $130,000 in this year. 52% of bettors are on the $140,000 side, and 35%, $150,000. Total long-term wagering volume exceeds $30.6 million.
Polymarket accepts a variety of other stablecoins and crypto currencies, including USDC, USDT and Polygon.
NYSE parent eyes major investment
The Intercontinental Exchange is the owner of the New York Stock Exchange. This adds a new layer of intrigue to the institution. reportedly Consideration is being given to a $2 Billion investment in Polymarket. The deal, if completed, could be worth between $8 and $10 billion. The Wall Street Journal.
Shayne, founder of Polymarket and a 27-year-old, is Shayne. has become The youngest self-made millionaire is now a billionaire. Bloomberg. Coplan dropped out of NYU a couple years ago and started building Polymarket right from his bathroom, after becoming intrigued by the power of prediction market.
Polymarket, backed Donald Trump Jr. and 1789 Capital has attracted notable investors. It also acquired QCEX, a derivatives exchange, for $112m, obtaining a U.S. CFTC licence in the process.
Polymarket has expanded after successfully navigating major regulatory obstacles. By 2022, The CFTC fined The Department of Justice investigated and found that the platform had received $1.4 Million for non-registered activity. that was closed By 2025.
Polymarket was founded in 2020 and gained momentum during the U.S. 2024 presidential election. It has since then integrated Chainlink Oracles for contract-based pricing, launched earnings market with U.S. Clearance, and competes against regulated rivals such as Kalshi.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
