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Parcl’s native PRCL token surged over 100% following news of the partnership, which brings housing price indexes into prediction markets.Parcl and Polymarket have partnered to launch real estate prediction markets that will settle against Parcl’s daily housing price indexes, bringing housing price data into prediction markets for the first time.
Monday, Polymarket will list and operate markets tied to movements in housing price indices, while Parcl will supply the index data used to determine market outcomes and settlement values. Each market will link to a Parcl resolution page showing the final settlement value, historical index data and the methodology used to calculate the index, providing a standardized reference for verifying outcomes once markets close. The initial rollout will focus on major US housing markets, with contracts structured around whether local home price indexes rise or fall over set periods, as well as threshold-based outcomes tied to published index levels. The companies said the rollout will occur in phases, beginning with a limited set of high-liquidity US cities and expanding to additional markets and contract types over time.founded during the early months of the COVID-19 pandemic when housing markets became volatile, publishes real-time housing price indexes and analytics and operates onchain products tied to residential real estate prices, using Solana for settlement. Parcl’s native token, PRCL, was up about 120% over the past 24 hours at time of writing, according to CoinGeckoPolymarket is a prediction market platform where users trade on real-world events, ranging from sports and politics to forecasts for Bitcoin’s price on a given date.. The discussions followed a reported $200 million raise in June led by Founders Fund, the investment company co-founded by Peter Thiel.
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