The Bloomberg terminal has integrated data from the popular blockchain-based betting platform Polymarket.
Bloomberg Terminal provides financial analysis and coverage of markets, industries, companies and securities across all asset classes.
The platform has integrated data from Polymarket’s 2024 US presidential election open market, which currently gives former President Donald Trump a 53% chance of victory, compared to 46% for Vice President Kamala Harris.
Shayne Coplan, Polymarket’s CEO, says the integration is evidence that Polymarket is “entering the consumer information and finance space.”
“What was once a fringe science fiction idea to transform the flow of information is now becoming the new norm, as tens of millions of people come to rely on Polymarket forecasts as a source of truth, to make sense of what is happening in the world.
And it’s still early.
Polymarket, which is currently not available to U.S. residents, allows users to bet on the outcomes of almost any event, from pop culture to sports to politics. The platform’s 2024 presidential election market has garnered nearly $800 million in bets alone.
Coplan’s project has raised $70 million in Series A and B rounds, receiving funding from high-profile investors including Ethereum (ETH) founder Vitalik Buterin, Peter Thiel’s Founders Fund, Dragonfly, and ParaFi, among others.
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