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Polymarket Enjoys Boom in Five-Minute Crypto Bets

Polymarket Enjoys Boom in Five-Minute Crypto Bets

Cryptocurrency traders have reportedly made five-minute bets a big business for prediction market platform Polymarket.

As Bloomberg News reported Sunday (March 15), users can now bet on where the price of bitcoin will be within five or 15 minutes. 

In a little more than a month, such bets have become some of the busiest on the website, with up to $60 million changing hands each day, the report said, citing data from Dune Analytics. 

Polymarket bets tracking whether bitcoin will be higher or lower than a certain price by the day’s end often take in less than $1 million per day. These volumes are small when compared to the tens of billions of dollars passing through cryptocurrency exchanges, but prediction market bettors are…

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