Polymarket Adds Bitcoin Support Amid Record BTC Surge
A major update for prediction market users
The decentralized prediction platform Polymarket has officially added Bitcoin (BTC) deposits, allowing users to fund their accounts directly with the leading cryptocurrency.Previously, the platform supported only stablecoins and select altcoins.
The update was released as Bitcoin reached a new all-time high above $126,000, driving a surge of user activity on Polymarket.
According to recent data, the platform’s total betting volume exceeded $30.6 million.
Competition heats up in the prediction market space
Analysts believe that the integration of Bitcoin is part of Polymarket’s broader strategy to reclaim market share from competitors.In September, rival prediction platform Kalshi briefly overtook Polymarket to become the leading player in the sector.
Experts note that Bitcoin’s inclusion could significantly boost liquidity and attract retail investors who prefer to hold BTC rather than stablecoins.
Adoption signals a shift in DeFi trends
The move highlights a broader trend of integrating Bitcoin into DeFi ecosystems traditionally dominated by Ethereum-based assets.As BTC continues its upward trajectory, prediction markets may evolve into a new frontier for decentralized finance participation.
Conclusion
Polymarket’s decision to embrace Bitcoin marks an important milestone in the evolution of decentralized prediction platforms.With trading volumes climbing and Bitcoin at record highs, this update could reshape competition in the blockchain-based betting industry.
Editorial Team — CoinBotLab