Five-Minute Crypto Up/Down Prediction Market Launches on Polymarket's US Platform

Odaily reports: Polymarket has launched five-minute crypto up/down betting contracts on its US platform regulated by the Commodity Futures Trading Commission (CFTC). Traders can bet on whether assets such as Bitcoin, Ethereum, Solana, and XRP will close above or below their starting price after five minutes; correct predictions pay $1 per share, while incorrect ones pay zero. The product structure is similar to binary options. The launch comes as the CFTC is re-examining whether Polymarket complies with the terms of its 2022 settlement and is scrutinizing customer protection measures on its US platform.