Key Points
- •Polymarket introduces Bitcoin deposits expanding funding options.
- •Platform nears $1 billion valuation with $200M fundraising.
- •Enhanced user engagement expected due to BTC support.
Polymarket, a prominent on-chain prediction market, now accepts direct Bitcoin deposits as of October 7, 2025, through its platform, enhancing user funding options and expanding financial reach.
The Bitcoin integration may boost Polymarket's total value locked and user activity, coinciding with a near $1 billion valuation and a pending $200 million funding round.
Polymarket, an on-chain prediction market, has officially launched Bitcoin deposits as of October 7, 2025. This move significantly broadens the platform’s funding offerings, marking a crucial shift from previously Ethereum-exclusive assets.
Polymarket’s leadership, spearheaded by CEO Shiv Malik, has yet to publicly comment on the recent Bitcoin integration. The platform is approaching a $1 billion valuation, reportedly finalizing a $200 million funding round.
The integration is poised to increase Total Value Locked (TVL) and boost market activity, aligning with trends seen in other DeFi platforms. BTC’s direct deposit support is indicative of broader adoption within prediction markets. As expressed by the Polymarket team in their official announcement, “Polymarket has launched on the Bitcoin network, enabling BTC deposits for users.”
Polymarket's ambitions reflect strong institutional interest, underscored by its ongoing funding efforts. The ease of Bitcoin deposits could propel user numbers, setting a precedent for future DeFi innovations.
The inclusion of BTC is expected to enhance user engagement, providing a seamless financial experience. With the prior CFTC no-action letter, Polymarket may pursue further regulatory compliances to ease U.S. market access.
Financial projections suggest increased trading volumes and user activity, a historical outcome noted with similar asset expansions in protocols like Augur. As Polymarket scales, BTC deposits may become a catalyst for further technological advances.