Cryptocurrency exchange, Based, has announced a new partnership with prediction market operator Polymarket via its X page.
The deal will see Based users be able to trade prediction contracts through the platform, integrating with the cryptocurrency, Hyperliquid.
Polymarket has always offered its contracts in exchange for cryptocurrency and has even recently launched a tranche of contracts asking users to bet on the potential value of a token launched by Based, one day after its hypothetical launch.
Based's announcement claims that by "Utilising Polymarket's deep liquidity and robust settlement, we carve out a new market segment for our users to trade."
Users will reportedly be able to move funds easily between the mobile-first crypto exchange and their Polymarket accounts.
The company has also declared that it will be setting aside 2m of Based Gold every 'epoch' for Based users who trade on its prediction markets.
Polymarket has seemed to confirm the agreement between the two firms with its own X post, though it has shared no details of the form that the partnership will take.
The prediction market operator has been on the cusp of re-entering the US market for months, ever since it acquired CFTC-certified designated contract market QCEX.
And despite a number of partnerships with US-based operators, including PrizePicks most recently, this expected re-entry has not materialized.
Some have speculated that the recent US Government shutdown has played a part in delaying the launch.
Indeed, Polymarket is offering an exchange on both "What day will the Government Shutdown end?" and "Will Polymarket US go live in 2025?" the latter of which has a 93% chance according to the operator at time of writing.
Google Finance recently added both Kalshi and Polymarket data to its offering
