A company that calls itself the world's largest prediction market is opening a pop-up bar in downtown Washington, D.C.
New York-based Polymarket said on social media it plans to welcome guests to The Situation Room beginning Friday.
The technology group's platform, founded in 2020, lets traders bet — using cryptocurrency — on the outcome of events across politics, current events, pop culture and more. It competes with Kalshi, a regulated exchange and prediction market where people can trade on the outcome of live events.
"Imagine a sports bar… but just for situation monitoring — live X feeds, flight radar, Bloomberg terminals, and Polymarket screens," the company said on social media.
Polymarket is setting up in the nation's capital amid geopolitical turmoil, driven by the war in Iran and unpredictable economic markets, with oil and other energy prices rising sharply.
A rendering depicts several television screens with live news feeds above and surrounding a bar, as well as a large globe.
The pop-up is set to take over the Proper 21 sports bar on K Street, according to the local outlet Washingtonian. The space totals just over 5,000 square feet at 2033 K St. NW, CoStar data shows.
The location in the District is "proof of concept," Polymarket growth strategist Josh Tucker told Axios, with the outlet reporting that the Polymarket pop-up would have a "weekend-long run."