In a twist that could only be described as a Kafkaesque farce, Polymarket has decided to let users wager on the hourly fluctuations of Bitcoin and Ethereum. The community, in a state of collective bewilderment, responded with a mix of surprise and confusion, as if they had just been told that the sun rises in the west. 🌅
Previously, users could only bet on the daily valuations of these digital currencies, but now, with this new hourly option, we have reached a new pinnacle of absurdity. Yet, despite this escalation, the new offerings seem to be as popular as a cold cup of tea on a winter’s day. ☕️❄️
Polymarket’s Hourly Bitcoin Bets
Polymarket, the self-proclaimed titan of online prediction markets, has already been shown the door in several countries for its audacious disregard for gambling laws. Yet, like a persistent weed, it continues to grow and expand. 🌱
Just last week, Polymarket announced a grand new partnership, and today, it has taken the audacious step of allowing users to bet on Bitcoin:
Bitcoin & Ethereum hourly markets are now live.
You can now bet whether cryptos will go up or down each hour.
— Polymarket (@Polymarket) June 10, 2025
Despite the existing fervor for betting on Bitcoin and other assets, the community was left scratching their heads at this latest announcement. 🤔
Many prominent users have pointed out that these bets are essentially the same as trading, and supporters have struggled to articulate any potential benefits. It’s like trying to sell ice to an Eskimo—good luck with that! 🥶
The service has just launched, but it appears to be less popular than a cat at a dog show. For instance, there is currently a live bet on whether Bitcoin will increase today, boasting a whopping $735,000 in volume. In stark contrast, the first hourly option has only managed to scrape together $43,000. And moving one hour forward? A mere $12,000 in user activity. Ethereum? Even less popular—like the last kid picked for dodgeball. 🏐
In simpler terms, Polymarket may have just launched a spectacular dud with its hourly Bitcoin gambling. But perhaps this is a blessing in disguise. Some users are concerned that these trades resemble the risky TradFi options that are typically banned. 😬
However, even if these trades do carry a dangerous potential, it’s essential for people to actually engage with them to undermine market confidence. Otherwise, it’s just a lot of hot air. 🎈
Nonetheless, this development is certainly worth keeping an eye on. Polymarket generated a significant amount of hype with its X partnership, but these Bitcoin bets might just be a comedic flop. If that’s the case, it could dampen enthusiasm for the platform’s future endeavors. 🤷♂️
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2025-06-11 20:56