The move signals the crypto betting market’s growing importance.
Bloomberg LP, the financial data and news service, is adding election odds data from crypto betting platform Polymarket to its Terminal, according to an Aug. 29 X post by Michael McDonough, Bloomberg’s chief economist for financial products.
The integration highlights the growing importance of prediction markets in analyzing political trends and election odds. It also underscores the increasing adoption of Web3 by traditional financial institutions.
Bloomberg features Polymarket odds for the United States presidential election outcome alongside data from other prediction markets, such as PredictIt and polling services, according to the post.
