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Polymarket Signs Exclusive Partnership with Dow Jones Media

Source
JH Kim
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Summary

  • Polymarket announced that it has signed an exclusive partnership with Dow Jones Media.
  • It said that through this partnership, Polymarket prediction market data will be used for market analysis and reporting by major media such as The Wall Street Journal.
  • Analysts said collaboration with traditional financial media could serve as an opportunity to increase the possibility of institutional incorporation for prediction markets.

Polymarket, a prediction market platform based on crypto assets (cryptocurrencies), has signed an exclusive partnership with global media group Dow Jones (Dow Jones Media).

On the 7th (local time), according to crypto-focused media BeInCrypto, through this partnership Polymarket will provide its prediction market data and related indicators to Dow Jones-affiliated media. Recipients include Barron's and The Wall Street Journal, and the data will be used for market analysis and reporting content.

Polymarket operates prediction markets on various topics such as politics, macroeconomics, financial markets, and technology, and is characterized by providing probability indicators based on collective intelligence through betting results involving real funds. Through this collaboration, readers of traditional financial media are expected to have more direct access to prediction market data.

Industry observers view this partnership as an example showing that prediction markets are being recognized as a data layer that reflects public opinion and market expectations, beyond being a simple betting tool. In particular, some analyses suggest that collaboration with traditional financial media could act as an opportunity to increase the possibility of prediction markets' incorporation into the institutional system.

photo = Shutterstock
photo = Shutterstock
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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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