Polymarket traders price 16% odds AMZN closes above $300 by August end
Polymarket traders are pricing a 16% probability that Amazon (AMZN) stock closes above $300 by the end of August, following the company's Q2 performance. The market runs on Polygon (POL), the crypto network Polymarket uses for settlement. The contract reflects crypto-native speculation on a traditional equity price target, with the low probability suggesting traders see the move as unlikely despite Amazon's recent earnings results.
Shows Polymarket expanding beyond political and crypto-native markets into single-stock price targets, competing with traditional options markets for equity speculation flow.
Polymarket's second expansion move this week into non-political markets — after the TWAP settlement upgrade for crypto contracts — as the platform races to diversify beyond election betting before its sought-after $20 billion valuation round.