Forecasting markets are entering the real estate sector through a partnership with Polymarket–Parcl.

Parcl and Polymarket have announced a partnership to launch a real estate prediction market settled using Parcl’s Daily Home Price Index, marking the first time home price data has been integrated into prediction markets.

According to Monday’s announcement, Polymarket will introduce and operate markets tied to movements in the Home Price Index, while Parcl will supply the index data that determines market outcomes and settlement values.

Each market will link to Parcl’s settlement page, displaying the final settlement value, historical index data, and the index calculation methodology. This provides a standardized reference for verifying results after market close.

The initial phase will focus on major U.S. housing markets. Contracts will be structured around changes in local home price indices over specified periods, as well as threshold-based outcomes tied to published index levels.

The companies stated that the rollout will be phased, beginning with highly liquid major U.S. cities and gradually expanding to additional markets and contract types.

Parcl was established during the early volatility of the housing market brought on by the COVID-19 pandemic. The platform publishes real-time home price indices and analytics, and operates on-chain products based on residential real estate prices, with settlements conducted on Solana.

According to CoinGecko data, Parcl’s native token PRCL surged by approximately 120% in the past 24 hours at the time of writing.

Source: CoinGecko

Polymarket is a prediction market platform where users can trade on outcomes of real-world events, including sports, politics, and the price of Bitcoin on specific dates.

Prediction Markets to Expand Further in 2025-2026

Following a surge in user activity during the 2024 U.S. presidential election, prediction markets such as Kalshi and Polymarket have become a central theme in the crypto industry for 2025.

Both platforms secured several high-profile partnerships this year, including Kalshi’s collaboration with CNBC, and Polymarket’s partnerships with DraftKings, Ultimate Fighting Championship, and PrizePicks.

In September, reports indicated that Polymarket was preparing for a U.S. domestic launch and seeking a new funding round targeting a valuation of up to $10 billion. In June, Founders Fund—co-founded by Peter Thiel—led a $200 million funding round.

In November, reports revealed that Kalshi completed a $1 billion funding round, reaching a valuation of approximately $11 billion, led by Sequoia Capital and CapitalG. In October, Kalshi also closed a $300 million funding round.

Polymarket trading. Source: Polymarket

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