Polymarket's regulated US platform introduces five-minute cryptocurrency prediction contracts
CoinDesk reports Polymarket has started offering five-minute cryptocurrency up-or-down contracts on its regulated US platform, operated by QCX LLC under CFTC oversight, covering bitcoin, ether, solana and XRP with correct predictions paying 1 dollar per share. The US platform settles the markets using CF Benchmarks real-time dollar indexes, averaging 60 observations in the final 60 seconds, while the CFTC is examining compliance with a 2022 settlement, according to Reuters reporting cited by CoinDesk.
Polymarket has introduced cryptocurrency contracts on its regulated US platform that let participants predict whether prices will rise or fall over five minutes, according to CoinDesk.
Contracts and settlement
The markets cover bitcoin, ether, solana and XRP. A correct prediction pays 1 dollar per share, CoinDesk reports.
The US platform is operated by QCX LLC under CFTC oversight. For settlement, it uses CF Benchmarks real-time dollar indexes, averaging 60 observations taken during the final 60 seconds, according to CoinDesk.
Regulatory context
The rollout comes as the CFTC examines compliance with a 2022 settlement, according to Reuters reporting cited by CoinDesk. The provided reporting does not specify an outcome of that examination.
What it means for prediction markets
- Short-duration exposure: The contracts offer a five-minute window for predictions on bitcoin, ether, solana and XRP.
- Settlement mechanics matter: Resolution uses an average of 60 index observations in the final 60 seconds, rather than a single closing observation.
- Oversight remains relevant: QCX LLC operates the US platform under CFTC oversight, while the reported examination of compliance with the 2022 settlement remains a separate regulatory consideration.
Sources & attribution
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- CoinDeskcoindesk.com
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- https://www.coindesk.com
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