Crypto traders can now bet on housing market prices after Polymarket and real estate data provider Parcl announced a partnership to build a new suite of housing price prediction markets.

The partnership will be powered by Parcl’s daily home-price indices, according to a press release. Under the agreement, Parcl will supply independent daily housing indices that serve as settlement references, while Polymarket will list and operate the markets.

Initial templates will focus on major U.S. metropolitan areas, allowing traders to bet on outcomes such as whether a given city’s index rises or falls over a defined period. Each market will settle against Parcl’s publicly verifiable index values, giving participants a clear signal for resolution.

“Real estate should be a first-class category in prediction markets,” Polymarket’s Matthew Modabber said in the announcement, highlighting the importance of clear, verifiable data for transparent settlement. Parcl CEO Trevor Bacon framed the partnership as part of a “paradigm shift” in how markets express views and signal truth.

The move marks a broader evolution for prediction markets, which have grown beyond election and macro bets into areas such as sports, pop culture, and now real estate.

This isn’t the first time betting platforms have added property forecasts: in 2008, the UK betting exchange Betfair ran markets tied to a housing crash, and during the 2020 pandemic, its Australian arm did similarly as home prices swung amid lockdowns.