Bloomberg Terminal Integrates With Blockchain-Based Betting Platform Polymarket
The Bloomberg Terminal has integrated data from the popular blockchain-based betting platform Polymarket.
Bloomberg’s terminal provides financial analytics and coverage of markets, industries, companies and securities across all asset classes.
The platform integrated data from Polymarket’s open 2024 US Presidential Election market, which currently gives former President Donald Trump a 53% chance of victory, compared to 46% for Vice President Kamala Harris.
Shayne Coplan, the chief executive of Polymarket, says the integration is evidence that Polymarket is “entering mainstream news and finance.”
“What once was a fringe, sci-fi idea for transforming the flow of information is now becoming the new normal, as 10s of millions of people build a habit around relying on Polymarket forecasts as a source of truth, to make sense of what’s going on in the world.
And it’s still early.”
Polymarket, which is not currently available for US residents, allows users to gamble on the outcomes of almost any event, ranging from pop culture to sports to politics. The platform’s 2024 Presidential Election Market has secured nearly $800 million in bets alone.
Coplan’s project has raised $70 million across Series A and B rounds, receiving funds from prominent investors like Ethereum (ETH) founder Vitalik Buterin, Peter Thiel’s Founders Fund, Dragonfly and ParaFi, among others.
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Author: Conor Devitt
