Polymarket, a leading prediction market platform, has introduced support for bitcoin deposits, expanding beyond previous options such as USDC, USDT, Ethereum, Polygon, and Solana.
This move allows users to fund their accounts directly with bitcoin, aligning with the cryptocurrency’s recent surge to historic highs.
Bitcoin price surges fuel prediction activity
The update comes as bitcoin recently hit an all-time high above $126,000, with current trading levels around $124,300.
On Polymarket, 61% of users now predict that bitcoin will reach $130,000 in October, with total wagers on this outcome reaching $655,594.
For year-end 2025 forecasts, 84% of participants expect prices to hit $130,000, while 52% and 36% are betting on $140,000 and $150,000 targets, respectively.
Overall betting volume for these long-term predictions has surpassed $30.6 million.
NYSE’s parent eyes major investment
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is reportedly in talks to acquire a $2 billion stake in Polymarket.
Such a deal could value the prediction platform between $8 billion and $10 billion, according to The Wall Street Journal.
Previously, Polymarket secured investment from 1789 Capital, backed by Donald Trump Jr., and acquired the derivatives exchange QCEX for $112 million, gaining a CFTC license to operate in the United States.
Regulatory journey and market position
Polymarket’s expansion comes after overcoming significant regulatory hurdles.
In 2022, the CFTC fined the platform $1.4 million for unregistered activities, and the Department of Justice later investigated the company before closing the case in 2025.
Despite these challenges, Polymarket has continued to grow, though it was temporarily displaced as the leading prediction market by Kalshi in September.
