Summary
- Polymarket reportedly launched a Bitcoin (BTC) price prediction market that is generated in five-minute intervals.
- Watcher.Guru said Polymarket opened a new market where users predict the direction of Bitcoin’s price at set time intervals.
- It said the product effectively targets ultra-short-term price moves amid a recent volatility upswing.
Polymarket, a decentralized prediction market platform, has launched a Bitcoin (BTC) price prediction market that is generated in five-minute intervals.
On the 12th (local time), crypto-focused media outlet Watcher.Guru reported that Polymarket opened a new market in which users predict the direction of Bitcoin’s price at set time intervals. The product is structured so that a new contract is created every five minutes.
Users are said to be able to participate by predicting whether Bitcoin’s price will rise above or fall below a specific reference level over a short period. It effectively adds a product targeting ultra-short-term price moves amid a recent bout of heightened volatility.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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