TL;DR
- Bitcoin deposits: Polymarket introduced Bitcoin deposits on October 6, expanding its payment options as BTC trades near record highs, signaling the platform’s push to capture greater market share.
- Market momentum: Bitcoin recently hit a new all-time high above $126,000, with traders betting on a $130,000 peak before November 1, while historical Q4 data and forecasts from JP Morgan and Standard Chartered suggest potential year-end levels between $165,000 and $200,000.
- Platform growth: Beyond stablecoins and ETH, Polymarket now supports Bitcoin deposits, strengthening its role in prediction markets after gaining prominence during the 2024 U.S. elections.
Polymarket, the famous prediction market, recently unveiled a new feature, Bitcoin deposits, expanding its payment options as BTC hovers around record highs. The platform made the announcement in an X post on October 6, stating, “Bitcoin deposits. Now Live“. This signals Polymarket’s commitment to keep expanding its offerings and capturing a bigger market share.
Bitcoin deposits.
Now live. pic.twitter.com/FDKlcH3TCS
— Polymarket (@Polymarket) October 6, 2025
Bitcoin milestone fuels market activity
The launch coincides with Bitcoin’s surge to a fresh all-time high above $126,000, sparking renewed momentum across crypto markets. On Polymarket’s “What price will Bitcoin hit in October?” contract, traders currently assign the strongest odds to a $130,000 peak before Nov. 1. The optimism reflects heightened speculative interest as traders look to capitalize on short-term volatility. Bitcoin traded near $124,115 on Tuesday, marking a nearly 10% gain over the past week, according to on-chain data.
Seasonal trends and analyst outlook
Investors are relying on historical patterns that suggest a solid Q4 performance. According to data from CoinGlass, since 2013, Bitcoin has averaged a 79% increase, showing strong bullish indicators. JP Morgan and Standard Chartered stand firmly behind this outlook, predicting that Bitcoin could reach between $165,000 and $200,000 by year’s end. These forecasts reinforce the idea that continued institutional and retail demand will keep increasing prices.
Expanded funding options for users
Polymarket’s integration of Bitcoin deposits broadens its existing support for tokens across Ethereum, Polygon, Base, Arbitrum, and Solana. Users can already fund accounts with USDC, USDT, DAI, and ETH, among others. The platform’s documentation notes that the correct outcome shares pay out $1.00 in USDC at resolution, with withdrawals available in native USDC or USDC.e. The addition of Bitcoin enhances flexibility for participants seeking to diversify their deposit methods while engaging in prediction markets.
Polymarket’s evolving role in prediction markets
Since its inception in 2020, Polymarket has become a crypto industry titan, capturing the prediction market sector where users bet on future events using cryptocurrencies. It reached worldwide fame after the platform played a central role in the 2024 U.S. Presidential Elections. Since then, the company has been improving its platform, integrating Chainlink oracles for priced contracts, and recently, the company introduced earnings markets after obtaining a U.S. license.
