Parcl has teamed up with Polymarket to launch prediction markets for real estate. This innovative partnership will incorporate Parcl’s daily housing price indices into prediction markets, making it the first instance of housing price data being brought into this realm.

Key Details

The partnership was announced with plans for Polymarket to operate markets based on movements in housing price indices, while Parcl will supply the necessary index data for market outcomes. Each market will be linked to a Parcl resolution page that displays the final settlement value, historical data, and the methodologies that guide the index calculations.

The rollout is set to concentrate on significant housing markets in the United States. Contracts will be designed to assess whether local home price indices will rise or fall over predetermined periods, including outcomes based on certain index levels.

The companies anticipate the implementation will occur in phases, starting with a limited number of major US cities before extending to additional markets.

Parcl, established amidst the volatility of the COVID-19 pandemic, offers real-time housing price indexes and analysis, utilizing onchain products linked to residential real estate prices on the Solana blockchain.

Furthermore, Parcl’s token, PRCL, saw a dramatic increase of 120% within 24 hours following the announcement. This data is sourced from CoinGecko.

Polymarket is a platform focusing on prediction markets, facilitating trades on various real-world events, including sports and political developments. In the evolving landscape of prediction markets, 2025 witnessed a significant rise in user engagement following the US presidential election, making markets like Kalshi and Polymarket integral to the crypto discourse.

Significant partnerships have been established by both platforms over the year, enhancing their reputations and capabilities within the industry.