Bloomberg to Integrate Election Odds Data from Polymarket into Terminal
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Leading financial data and news service provider Bloomberg LP is set to incorporate election odds data from the crypto betting platform Polymarket into its widely used Terminal.
“We are in the process of adding Polymarket data to WSL,” Michael McDonough, Bloomberg’s chief economist for financial products, said in a recent post on X.
The integration marks a significant step in the recognition of prediction markets as a vital tool for analyzing political trends and forecasting election outcomes.
It also highlights the increasing adoption of Web3 technologies by established financial institutions.
Bloomberg’s Terminal, which commands about one-third of the global market share for financial data services with approximately 350,000 subscribers, will now feature Polymarket’s odds for the upcoming U.S. presidential election.
These odds will be displayed alongside data from other prediction markets, such as PredictIt, and traditional polling services.
We are in the process of adding @Polymarket data to WSL ELECTION<Go>! pic.twitter.com/aNM087bcwS
Polymarket, a blockchain-based prediction market operating on the Polygon network, has become a prominent platform for tracking real-time election odds.
The platform allows users to bet on a wide range of event outcomes, leveraging transparent on-chain data and smart contracts for trade execution and payouts.
According to Dune Analytics, Polymarket’s trading volume for August approached $450 million, with nearly $760 million bet on the outcome of the U.S. presidential election as of late August.
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