Polymarket Releases Corporate Earnings Forecast Following U.S. Approval
- Polymarket expands prediction markets for corporate earnings
- Partnership with Stocktwits connects traders and odds in real time
- Market predicts Federal Reserve cuts in September
Polymarket, a decentralized market prediction platform, announced The launch of a new category dedicated to profit forecasting for publicly traded companies. This initiative follows the recent regulatory approval received in the United States, allowing the platform to expand its services in compliance with local legislation.
The project was developed in partnership with Stocktwits, a social network focused on traders. The collaboration combines Polymarket's prediction markets with Stocktwits' active community, offering users real-time probabilities, as well as discussions on quarterly results, market sentiment, and investment trends.
The first markets launched include predictions for widely followed companies such as FedEx and the cryptocurrency exchange Bullish. In the "Will Bullish (BLSH) beat its quarterly earnings per share estimate?" market, users currently assign a roughly 56% probability that the company will surpass analysts' projections. Bullish's second-quarter results are scheduled for release on September 17th.
Despite the new category, the platform's most active market remains "September Fed Decision?", which has already generated $139 million. Bettors indicate a 91% chance that the Federal Reserve will cut rates by 25 basis points, reinforcing the importance of macroeconomic events in shaping expectations within Polymarket.
“Prediction markets turn uncertainty into clarity by turning big questions—like profits—into simple, tradable outcomes with transparent pricing,”
said Matthew Modabber, CMO at Polymarket. Howard Lindzon, founder and CEO of Stocktwits, highlighted that the platform "has created an entirely new way to understand news and expectations" and that Stocktwits is "the place where millions of investors already come together to share ideas and sentiment."
In parallel, Polymarket is considering raising a new round of financing, with an estimated valuation of between $9 billion and $10 billion. CEO Shane Coplan has previously indicated that the Commodity Futures Trading Commission's authorization paves the way for more aggressive expansion into the US market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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