Polymarket has officially launched 5-minute crypto price prediction contracts on the Polymarket US App. Shortlisted cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. The app...
Summary
- Polymarket has officially launched 5-minute crypto price prediction contracts on the Polymarket US App.
- The app operates as a binary options market (up and down forecasts), with correct predictions paying out at $1 per contract.
- By averaging the digital asset’s price in the last 60 seconds, the platform prevents last-secondprice manipulatorsand/or cheaters.
- Polymarket’s re-entry into the US market Initially, Polymarket launched in the US in 2020 but was forced to shut down in the country after it was fined $1.4 million for offering unregistered derivatives.
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