Polymarket launches 5-minute crypto up/down prediction contracts in the US

Odaily reports: Prediction platform Polymarket has launched five-minute cryptocurrency up/down betting contracts on its regulated US platform. The platform is operated by QCX LLC and regulated by the U.S. Commodity Futures Trading Commission (CFTC). Traders can bet on whether assets such as Bitcoin, Ethereum, Solana, and XRP will close above or below their starting price within five minutes. Correct predictions pay $1 per share, while incorrect ones pay zero, with a structure similar to binary options, lowering the barrier to short-term derivatives trading. The product launch comes as the CFTC is re-examining whether Polymarket complies with the terms of its 2022 settlement and is looking into customer protection measures on its US platform. (CoinDesk)