Google enters the cryptocurrency predictive market

Polymarket, a decentralized cryptocurrency betting platform, announced today, November 7, an integration with Google Finance to improve accessibility and visibility for users.

In this way, the technology giant will integrate Polymarket data into its search engine, expanding the reach and impact of the prediction market.

As reported by Google, the integration with Polymarket will begin in the coming weeks. It will be available first For Google Labs users, the space where the company tests new products and functions so that they are evaluated and commented on by users.

Also included will be Kalshi, a regulated prediction market in the United States that allows people to buy and sell contracts on future outcomes, such as economic, political or social events.

“Just ask something like ‘What will GDP growth be by 2025?’ directly from the search box to see the current odds on the market and how they have changed over time,” indicated from Google.

Line chart showing how the prediction market works on Polymarket.Line chart showing how the prediction market works on Polymarket.
This way the user would see the result of their search. Fountain: Google.

As CriptoNoticias has reported, Polymarket has earned a place of relevancesince it manages to fairly accurately reflect the collective sentiment of users on financial and political issues, such as the United States presidential elections.

Because it involves real money, its results are often considered a more reliable thermometer than traditional surveys.

Grayscale, a digital asset management company, highlighted in one of its reports that the platform “has the potential to be a ‘source of truth’ by taking advantage of the transparency and maintenance of history of movements in the cryptocurrency network, the incentives of the markets and the collective intelligence of its users.”

Source link