Core Insights - Polymarket has launched its first real estate prediction markets, allowing users to bet on residential real estate prices in major cities like New York, London, and Tokyo [2][4] - This innovation transforms the traditionally illiquid real estate market into a more accessible and liquid trading asset [3][4] - The global real estate market, valued at over $300 trillion, has been characterized by slow and opaque transactions, making this development significant [4] Group 1 - Polymarket's integration with Parcl enables real-time betting on housing price trends, providing fractional exposure to regional markets [2][5] - The new prediction markets allow macro traders to express views on economic factors such as rates and migration without traditional financial barriers [5][8] - The platform operates 24/7, theoretically increasing the speed and frequency of trading in real estate assets [3] Group 2 - The launch of these markets presents a new use case for prediction markets, potentially leading to actual hedging opportunities for traders [4][7] - Builders and developers can utilize these markets to hedge against regional exposure, while crypto-native traders gain access to housing markets without traditional finance intermediaries [8] - The ability to bet on specific cities allows traders to take positions based on anticipated demographic shifts, such as an exodus from New York to Miami [7]