Polymarket launches five-minute cryptocurrency price prediction contracts on its US platform.

Polymarket, a prediction platform, has launched five-minute cryptocurrency price prediction contracts on its regulated U.S. platform, operated by QCX LLC and regulated by the U.S. Commodity Futures Trading Commission (CFTC). Traders can bet on whether assets such as Bitcoin, Ethereum, Solana, and XRP will close above or below a starting price within five minutes. A correct prediction pays $1 per share, while an incorrect prediction results in zero payout. The CFTC is reviewing Polymarket's compliance with its 2022 settlement terms and is scrutinizing its customer protection practices. (Source: CoinDesk)