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Polymarket Review
Polymarket was founded by Shayne Coplan and has enjoyed a rapid rise to become the world's fastest growing trading platform.
The Polymarket concept was introduced to offer users the chance to trade on outcomes across political, sports, crypto, world events, entertainment and more by buy and selling of shares.
It was always designed to be an alternative to betting online and was grown into a huge platform with customers in over 180 countries worldwide.
Built on crypto platforms and using USDC stablecoins on the Polygon blockchain as the native currency, Polymarket is all about tradition on outcomes than wagering or betting.
The 2024 US Presidential election saw billions traded on outcomes and incredibly high volumes continue to increase on daily crypto markets, politics and a growing list of sporting events.
The Polymarket referral code is NEWBONUS and can be used when joining by following this link.
Polymarket Trading
Polymarket provides an alternative to online betting sites by instead providing a trading platform where users can instead buy and sell shares in markets and outcomes.
It's a simple structure of buying shares representing the outcome users believe will occur with the cost of those shares between $0 and $1.
The price reflects the market’s estimation of the probability of that outcome with a share priced at $0.70 indicating a 70% chance the event happens for example.
Shares can be freely traded while any market is open and not yet resolved. That allows users to take changing positions on an outcome to guarantee profit or minimise losses in much the same way as stock trading.
Once an event outcome is decided and verified, shares of the correct outcome settle at $1 and incorrect shares are worthless. After settlement, any profits can then be withdrawn to wallets or exchanges.
Polymarket Markets & Trading Options
Polymarket has developed into a large trading platform that provides markets across diverse categories from politics to sports and crypto to culture.
Each of the markets provides result-based options to trade shares with future events from US Presidential Elections to the price of Bitcoin before the end of the day.
The primary market types at Polymaket include:
Binary Markets: Trade "Yes" or "No" shares reflecting binary outcomes - for example, whether a candidate will win an election.
Categorical Markets: Multiple possible outcomes, such as which team will win a championship, who will win an election or who will top 2025 awards. These shares are divided among several contenders.
The two market options are then applied to events across many different categories and topics with some of the most popular being:
- Politics: Including elections, policy decisions, leadership changes and geopolitical events.
- Sports: Coverage of major leagues, tournaments, player performances, and championship outcomes. The main focus is on US sports as well as soccer, cricket and others.
- Crypto: Markets on cryptocurrency price movements, blockchain developments and network events.
- Pop Culture & Entertainment: Predicting outcomes related to award shows, celebrity events and other entertainment and TV news.
- Business & Economics: Forecasts on economic indicators, corporate results and market trends.
- Science & Technology: Milestones in innovation, regulatory approvals, and research breakthroughs.
- Climate & Environment: Markets on climate change developments and environmental policies.
Significant liquidity is concentrated around high-profile events such as US elections and major sports championships, while other markets has less value.
Rewards & Leaderboards
Users can earn daily rewards at Polymarket by placing trades each day. By placing limit orders to help keep markets active and not skewed, you earn rewards.
Users who place limit orders that are closest to the market's average earn more rewards with payouts made daily.
Limit orders are the act of a trader setting a specific price at which they are willing to buy or sell an asset and therefore they keep the market moving and with volume.
The minimum reward payout is $1 and users receive any payouts at midnight UTC every day.
Polymarket has also integrated a rankings based leaderboard which is calculated on traded amounts as well as profit amounts.
The leaderboard is used to help engagement within the community and recognizing just who the top traders on the platform are, with the option to follow their activity.
Deposit & Withdrawals
Polymarket accepts a huge variety of payments include fiat and cryptocurrencies.
Primarily the site works on USDC and the in-house currency can be purchased using crypto or major payment methods including Visa, Mastercard, other debit cards, Apple Pay, Google Pay, bank transfers and PayPal.
Polymarket also accepts deposit and withdrawals via crypto with all major coins available to fund your account.
Customer Support
You can contact the team at Polymarket via a number of methods including:
- Live Chat: Via the site
- Email: info@polymarket.com
- Social Media including X (@polymarkethelp)
- FAQs: Help Center on the site
Polymarket FAQs
What is the Polymarket Referral Code?
Use the sign up code NEWBONUS when joining and just follow the links on this page.
What countries is Polymarket available in?
Polymarket is available in over 180 countries worldwide with some restrictions in place when it comes to making trades.
How to fund Polymarket account?
You can use a number of crypto coins to fund your account or purchase USDC via methods like Visa, Mastercard, Apple Pay, Google Pay, bank transfers and PayPal.
