Polymarket unveils blockchain betting at the Golden Globes - Coinfea

Polymarket made an appearance on the big stages after appearing at Hollywood’s biggest night at the 83rd Golden Globes. As the show aired, hosts and viewers regularly checked Polymarket to see how traders were betting, and the collective judgment proved surprisingly accurate.

ContentsPolymarket makes its entrance at the Golden GlobesPrediction markets platforms face criticismsThe platform’s CEO, Shayne Coplan, took to X to highlight Polymarket’s near-perfect predictions at the awards. He said, “The single most mainstream prediction market integration to date. Polymarket called 26/28 winners right.” The milestone comes as Polymarket expands beyond entertainment into real-world economic forecasting.

Polymarket makes its entrance at the Golden Globes

According to reports, Polymarket partnered with Parcl, a data firm that tracks daily home values. The partnership will allow users to wager on whether housing prices in major US cities will rise or fall. The two firms recently announced that they will collaborate to enable users to bet on their predictions for median prices in cities such as Miami and Los Angeles.

These markets will close on February 1, with winners determined using Parcl’s daily price index. However, according to Polymarket, new housing prediction markets will be introduced every month, allowing people to continue trading based on fresh data. In his post, Coplan noted that there’s still plenty of work to do in helping people understand why market-based forecasts matter.

Nonetheless, Koplan described the Golden Globes’ partnership as “a surreal moment and a highlight for all our team members’ moms.” Some X users were genuinely surprised at how accurate the prediction platform was, with others encouraging more mainstream adoption. However, the integration also drew in a flurry of critical posts.

One user, Josh Billinson, remarked, “The Golden Globes Best Podcast odds presented by Polymarket are a new low for this humiliating awards show.” Another commenter urged the public to resist the prediction platforms, referring to them as “pocket casinos,” while others even questioned the legitimacy of the award show.

Prediction markets platforms face criticisms

The criticism builds on recent concerns surrounding Polymarket and other prediction markets, after the controversial Venezuela-related bet. An anonymous bettor correctly called the Venezuelan President Nicolás Maduro’s downfall just hours ahead of his capture and pocketed more than $400,000. His earnings triggered concerns about insider trading.

New York Democrat Ritchie Torres even proposed a 2026 bill that would ban government officials and staff from trading on prediction markets using insider information. The bill, the Public Integrity in Financial Prediction Markets Act of 2026, would prevent officials from using nonpublic government information to place bets on prediction markets.

In addition, the platforms have also faced resistance from U.S. states. For starters, Tennessee regulators issued cease-and-desist letters last week to Kalshi, Polymarket, and Crypto.com, targeting their allegedly unlicensed sports betting operations. The mandates require the firms to discontinue sports contract offerings, cancel pending contracts, and return all funds to customers by January 31.