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How Polymarket Is Turning Bitcoin Volatility Into a Five-Minute Betting Market

BeInCrypto
Polymarket launched a new feature allowing users to bet on Bitcoin price movements every five minutes, capitalizing on real-time volatility.

Summary

Prediction platform Polymarket has introduced a new feature enabling users to place bets on Bitcoin price movements occurring every five minutes, signaling increased demand for real-time crypto sentiment data. Currently limited to Bitcoin, the feature executes trades on-chain for transparency and targets day traders seeking fast-paced action amid erratic price swings. This initiative expands on Polymarket's existing contracts with longer durations and occurs as prediction markets experience exponential growth, often involving substantial trading volumes focused on crypto price forecasts. Critics suggest this focus on short-term wagering risks diverting attention and capital away from the underlying fundamentals and durable value creation in the crypto space.

(Source:BeInCrypto)