Polymarket rolls out bitcoin deposits to expand funding options
Quick Take
- Polymarket has introduced bitcoin deposits, expanding its range of funding options.
- The platform already supports multiple tokens across Ethereum, Polygon, Base, Arbitrum, and Solana.
Prediction market Polymarket has enabled bitcoin deposits, expanding its funding options as BTC hovers near record highs. The platform announced the feature with a brief post — “Bitcoin deposits. Now live.” — on Oct. 6 via X.
The timing lands as Bitcoin recently set a fresh all-time high above $126,000, stoking activity across crypto markets. On Polymarket’s “What price will Bitcoin hit in October?” contract, traders currently assign the highest odds to a $130,000 peak before Nov. 1.
Bettor expectations echo seasonally bullish price action in the fourth quarter. According to CoinGlass data, BTC has averaged a 79% increase in Q4 since 2013. Analysts from JPMorgan and Standard Chartered also believe that bitcoin could end the year trading between $165,000 and $200,000. Bitcoin traded around $124,115 on Tuesday, up nearly 10% in the past week, The Block's price page shows.
Polymarket already supports deposits in a range of tokens across Ethereum, Polygon, Base, Arbitrum, and Solana — including USDC, USDT, DAI, and ETH, among others. The correct outcome shares pay out $1.00 in USDC at resolution, and users can withdraw native USDC or USDC.e according to the platform’s documentation.
Founded in 2020, Polymarket is a crypto-native prediction market where users buy and sell shares in future events. It rose to popularity in 2024 thanks to global interest in the U.S. presidential elections.
Since then, the company has integrated Chainlink oracles for price-focused bets, launched earnings markets after receiving U.S. clearance this fall, and competes with regulated rival Kalshi, which recently overtook it in global volume.
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