Home » Predictive markets: Polymarket now offers Bitcoin (BTC) deposits

Predictive markets: Polymarket now offers Bitcoin (BTC) deposits

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Now it’s Bitcoin’s turn. The predictive betting platform Polymarket now offers BTC deposits, among a growing list of supported assets.

Bitcoin can now be used on Polymarket

The predictive betting platform Polymarket confirmed yesterday that Bitcoin deposits are now supported by its services:

Polymarket already offers deposits via Ethereum, Polygon, Arbitrum, and Solana, which also includes stablecoins such as USDT and DAI. Winning bets are paid out in USDC.

According to data shared by Token Terminal, the total volume processed by Polymarket since its launch is approaching $19 billion. This corresponds to an 81% market share in a booming prediction market ecosystem.

Bitcoin breaks another record this week

The news comes as Bitcoin’s price has just hit an all-time high, surpassing $126,000 for the first time in its history. Enthusiasm for BTC is at an all-time high: Bitcoin spot ETFs recorded nearly $2 billion in inflows yesterday.

Some analysts, including banking institutions JPMorgan and Standard Chartered, believe that the price of BTC could well end the year above $165,000, or even close to $200,000. Polymarket’s addition therefore comes amid euphoria surrounding the largest cryptocurrency.

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