Polymarket Promo Code RATE: Deposit $10, Get $20 Bonus Today

Polymarket.us is officially live, with the beta version released Aug. 10. Polymarket has quickly become one of the top two prediction sites in the US with the best bonus offer. Enter the Polymarket promo code RATE to get a $20 trading bonus when you make a first deposit of just $10. The Polymarket app leads the prediction market industry by offering dynamic event-contract trading across sports, politics, news, economics, and culture. Here are exact steps to secure your own bonus before the next market moves.

Polymarket promo code for August

Does Polymarket have a sign-up bonus?

Yes. Polymarket is giving all new users a $20 sign-up bonus, also referred to as a welcome bonus or trading bonus when you enter the Polymarket promo code RATE. The code does double duty: it gets you instant access, and it triggers the $20 sign up bonus if your first deposit is $10 or more. This promotion is limited to one new sign-up bonus per account. Terms and conditions are covered in the next section.

Polymarket frames the bonus offer as a simple deposit and trade promotion, providing initial capital to users testing out event contracts. New accounts will need to:

• Claim your bonus: Register with promo code RATE and Deposit $10, Get $20 Trading Bonus trading bonus today.
• Meet the minimum deposit requirement: Buy into your new account with a minimum deposit of $10 using a bank transfer, debit card, credit card, or supported crypto wallet.
• Make a real-money trade: Trade on any active market on the board – sports outcomes or political elections. Hit the Trade Threshold.
• Collect the bonus: The free $20 trading bonus is automatically credited to the account by Polymarket. Either way, if that first qualifying prediction wins or loses, that platform releases those bonus funds.

What traders are using the Polymarket bonus on this week

Wondering where to use your Polymarket sign-up bonus? New users are currently trading on the September Fed decision, NFL futures, upcoming primaries, potential legislative developments, and more. Once you use the promo code RATE and deposit at least $20, you can use it across any eligible market on the platform. The markets below update daily, so you know what’s trending today.

For additional insight on trending markets, including open interest and trading activity, check out our Prediction Market Volume tracker.

Trending markets last updated on Aug. 11, 2026 at 8:09 a.m. ET

Polymarket promo code terms and conditions

Before claiming the Polymarket promo code RATE, there are a few eligibility requirements to keep in mind. The $20 welcome bonus is limited to new users, requires identity verification, and becomes available after you deposit and trade at least $10. Here’s everything you need to know before signing up.

• Who can claim the Polymarket bonus?: You must be at least 18 and physically present and reside in one of the 48 participating U.S. states or Washington D.C. The platform is not available to users in Nevada at this time.
• How do I activate the promo code RATE?: To redeem the offer, manually enter the Polymarket promo code RATE in the promo code field at registration.
• Do I need KYC to claim the bonus?: Complete the necessary KYC (Know Your Customer) process by uploading a valid government-issued ID or passport and taking a live selfie.
• What is the minimum deposit?: You are required to deposit a minimum of $10 and trade a minimum volume of $10 on any event contracts available.
• When will I receive the $20 bonus?: Deposit $10 and Polymarket will automatically add the $20 trading bonus to your account. Whether your qualifying trades are winners or losers, the platform will release these funds.
• When does the sign up bonus expire?: This is a rolling welcome offer valid until December 31, 2026. Polymarket reserves the right to change or withdraw the offer at any time.

Fastest way to claim the bonus: Apple Pay and debit card deposits are available instantly, while ACH transfers can take one to three business days. You’ll need to deposit at least $10 before your first trade qualifies for the welcome offer.

How to get the $20 Polymarket bonus

Before claiming the bonus, you’ll need an account, a process that takes only a few minutes. Follow the steps below to get started:

Polymarket promo comparison

Polymarket’s “Deposit $10, Get $20 Trading Bonus” free bonus offer is easy and provides instant trading capital, but it’s in a different regulatory and structural context from its big competitors. Here’s how Polymarket’s welcome offer and platform model measure up against Kalshi’s dollar-for-dollar deposit match and FanDuel Predicts integrated sportsbook ecosystem.

+ Add Platform	Best Bonus Polymarket US ✕	US Approved Kalshi ✕	FanDuel ✕	OG Predictions ✕
Compare	Pin	Pin	Pin	Pin
Welcome BonusThe promotional bonus offered to new users when signing up with this promo code.	Deposit $10, Get $20 Trading Bonus	Trade $25, Get up to $500	Bonus on Sign-up	Trade $10, Get $10
Promo codeEnter this code at sign-up to claim your welcome bonus. Click any code to copy it.	RATE Copied!	RATE Copied!	Not Required Copied!	Automatically Applied
Bonus TypeHow the bonus is structured — whether it requires a trade, deposit, or no action at all.	Trading Rewards	Trade Bonus	No Deposit	Bonus
Payout SpeedHow quickly your withdrawal request is processed once submitted.	Instant	Instant	2 days to 4 days	Instant
Min DepositThe minimum amount you need to deposit to be eligible for the welcome bonus.	$10	$25	$10	$10
Best ForWhat this platform stands out for, in our editors’ view.	Best Bonus	US Approved	—	—
DeFiRate RatingRated by the editorial team based on bonus value, ease of claiming, and fairness of terms.	★4.9/5	★4.7/5	★4.2/5	★3.9/5
	Get Started Risk Disclaimer Polymarket US Risk Disclaimer 18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.	Get Started T&C's apply. Kalshi Terms & Conditions Deposit and trade at least $25 on Kalshi within your first 7 days to claim a bonus of anywhere from $15 to $500. The bonus is available for trade only and is not cashable. Must be used within 7 days. Eligible US states only.	Get Started T&C's apply. FanDuel Terms & Conditions Credited within 72 hours of meeting the requirements. The bonus itself is non-withdrawable, but winnings from bonus-funded trades are immediately withdrawable. If the bonus trade wins, you keep the winnings portion but not the original bonus stake. Must be 18+	Get Started T&C's apply. OG Predictions Terms & Conditions Your first trade must be $10 to qualify for the $10 offer within the first seven days of your account. 18+ only.

Click any promo code to copy it. Terms and conditions apply. Must be 18+ to participate.

Polymarket promo code details for this week

Where is the Polymarket bonus available?

Polymarket accepts users from 49 U.S. states and Washington, D.C.

Latest news and updates

• Aug. 10, 2026: Polymarket launched the beta version of Polymarket.us across all 49 states.
• Aug. 6, 2026: Polymarket became an official prediction market partner of the New York Yankees, adding another major sports tie-up even as New York regulators continue challenging sports event contracts.
• Aug. 5, 2026: Polymarket US expanded its Genius Sports relationship with official data, integrity services and selected soccer video streaming rights, including live Serie A matches.
• Aug. 4, 2026: Polymarket is reportedly seeking new funding at a valuation above $20 billion, signaling another sharp repricing as the prediction market platform pushes closer to Kalshi’s most recent $22 billion valuation.
• Aug. 3, 2026: Polymarket announced a multiyear ATP Tour deal that will let U.S. users stream live tennis matches directly on the platform, pairing sports markets with live event coverage.
• June 12, 2026: CFTC launches effort to ban war and assassination event contracts, and sues in federal court to prevent New Mexico from enforcing its state gambling laws against regulated prediction markets like Polymarket. 
• June 8, 2026: Polymarket updates its terms of service to ban election misinformation from affiliates and paid creators, and ends active sponsorships with influencers who break the policy.
• May 2026: Federal prosecutors announce a series of high-profile insider trading cases involving prediction markets, including the indictment of a tech engineer who allegedly used confidential internal data to win bets on Polymarket contracts. 
• March 12, 2026:  The CFTC released a staff advisory and an advance notice of proposed rulemaking, indicating a concerted effort to create a more comprehensive and permanent regulatory framework for the rapidly growing event-contract industry.  
• December 4, 2025: The compliance groundwork that now allows the platform to legally serve U.S. The CFTC granted Polymarket the green light to resume limited U.S. operations through an intermediary.

Polymarket promo code for existing customers

Today, Polymarket spends all of its promotional capital on new traders, so reload bonuses, deposit matches, and free trade credits are not available to existing customers. The platform is not dependent on gamified, ongoing incentives to keep users engaged but rather on its deep liquidity, low fees, and unique event-contract offerings.

But the landscape of prediction markets changes rapidly as more competition comes in. We are watching the exchange on a daily basis, and as soon as Polymarket launches a referral program or some offers for existing account holders, we will update this section immediately.

How the Polymarket referral code works

Polymarket doesn’t have a universal code that its current users can use to invite others. But new traders can use the promo code RATE during registration to claim the $20 welcome bonus. Instead, the exchange runs a dedicated Refer-a-Friend program that enables active traders to generate their own unique referral links.

The platform automatically tracks the invitation when you send this link to a friend. To release the per-referral bonus, the new user must go through the onboarding process, make a qualifying deposit, and place a real-money trade on the exchange during the promotion period. After qualifying, Polymarket will credit the bonus directly to your account.

The platform also has a strict limit on the total earnings to ensure that the ecosystem remains stable by limiting each user to a maximum of 14 eligible referrals. Please note, these rewards are distributed as trading collateral, and therefore you must deploy the funds into active event contracts for them to be eligible for withdrawal.

Polymarket promo code vs. referral code

One of the most common points of confusion for new traders is the difference between a promo code and a referral code. Both provide a method for securing additional trading capital, but they are not interchangeable and serve entirely different purposes and are situated in different places.

Promo code RATE is the official platform welcome code for any new user during registration. A referral code (or referral link) is a personal link created by an existing Polymarket user to invite friends to the platform.

What is Polymarket?

Polymarket is a federally regulated event-contract exchange that enables users to bet on the outcome of future real-world events. The platform is a Designated Contract Market (DCM) regulated by the Commodity Futures Trading Commission (CFTC) and is thus subject to the same rigorous federal oversight as legacy financial derivative exchanges. This legal structure distinguishes it from offshore sportsbooks or unregulated sites, providing a clear and compliant space for local users.  

The exchange is entirely on a yes/no contract mechanic with cent pricing. Contracts are priced between $0.01 and $0.99 and are directly linked to the crowd-sourced probability of an event. You buy a “Yes” share for $0.65. If the event happens, the contract is settled exactly at $1.00, giving you a profit of $0.35 per share. If the event does not happen, the contract expires at $0.00. Most importantly, the regulated U.S. platform allows all transactions in standard USD, not cryptocurrency, removing the friction of digital wallets and gas fees for everyday traders.

Unlike traditional bookmakers that set the odds and take the other side of your action, Polymarket functions as a true peer-to-peer exchange. You never trade against the house; the platform simply matches your order with another user holding the opposing view. This open liquidity model supports a massive variety of forecasting opportunities. Today, traders can take positions on thousands of active markets ranging from MLB games and UFC events to macroeconomic data releases, national elections, and breaking cultural news.  

Is Polymarket legit?

Yes. Polymarket is a real exchange and is very secure and heavily regulated. Unlike unregulated prediction sites or offshore sportsbooks, Polymarket is registered and regulated by the Commodity Futures Trading Commission (CFTC). The platform itself is a federally regulated Designated Contract Market (DCM) and is subject to a federal regulatory regime that pre-empts state-by-state gambling laws. That means traders are in a transparent, legally compliant environment that is backed by federal commodities regulations.

The platform is built with enterprise-grade security architecture on the technical side, making sure user funds and data are secure. All connections and financial transactions on Polymarket are secured using industry-standard SSL encryption, and Polymarket is SOC 2 Type II compliant, with third-party auditors verifying the implementation of stringent operational security and privacy policies.

To test the platform, I funded an account and went through several event contracts on sports and politics. In the end, I withdrew the money from my bank. The whole life cycle worked exactly like a tier one financial brokerage, with my final payout clearing directly to my account in under 24 hours with zero friction.

Polymarket app review

If you’re claiming the Polymarket bonus to trade on NFL futures, elections, or Bitcoin markets, the mobile app is where most users will spend their time. I downloaded both versions to see how the onboarding process, deposits, and trading experience held up on a smaller screen. 

After claiming the RATE promo code, I tested Polymarket’s onboarding process from start to finish, including KYC verification, deposits, trading on NFL futures and economic markets, and withdrawing funds. This section will give you a full down of what I found and areas where the experience could have been improved.

Who should claim the Polymarket bonus? The app is best suited if you follow sports, politics, crypto, and economic events and want to trade directly against other users instead of a traditional sportsbook. If you enjoy tracking elections, NFL futures, or Bitcoin price targets, the $20 welcome bonus gives you a low-risk way to test the app and learn how to trade on prediction markets.

What we like

• Broad event-based markets: The platform has a huge variety, allowing you to trade on anything from the NBA Finals and world elections to inflation prints and cultural phenomena.  
• Simple two-outcome trading: The binary “yes or no” contract structure, combined with cent-based pricing, makes it completely straightforward to calculate probabilities and potential returns.  
• Unmatched flexibility: As it’s a live exchange, you never get stuck with a bet; you can actively buy in, trim your position, or sell out completely as news breaks while the market is still open.  

What we don’t like

• Limited Promotions: Outside of the welcome bonus, Polymarket currently offers very few incentives for existing users.
• Limited Sports Coverage: Polymarket focuses on headline markets and futures rather than player props and same-game parlays. If props are important to you, Kalshi is the better fit.

iOS app: The platform’s development team is focused on the Polymarket iOS app first and foremost. The app worked great on my phone and has a high rating in the store (4.7 stars from over 30,000 reviews). I had zero issues using the market navigation, order book and checking out live prices. I was able to deposit into my account and verify quickly thanks to the integration with Apple Pay and native iOS features. My bonus was available as site credits after my first few trades. This current version requires an iOS 18.0 or later device to install.

Android app: The Polymarket Android app took longer to roll out but is very similar to the its iOS sibling. Although the Android app has a lower 2.5-star rating on the Google Play, my testing experience was much smoother than I expected. Deposits, order execution, and market charts all worked reliably, suggesting the rating may reflect earlier versions of the app.

Recent improvements

Polymarket is active in the updates to its mobile ecosystem, with a strong focus on pricing efficiency and market context. The most important recent improvement was the revision to its sports market fee structure in March 2026, which capped the maximum effective fee at 0.75% for 50/50 pricing levels. The app also recently added Perplexity AI to provide smart news summaries directly in market views. Traders can see top-line headlines and context without leaving the app, linking breaking news directly to their open event contracts.

Trading options available at Polymarket

Sports trading is a core part of Polymarket with deep liquidity on the biggest leagues and global events. Traders can trade on the NFL, NBA, MLB, NHL, UFC, Formula 1, tennis Grand Slams, and big international tournaments like the 2026 FIFA World Cup. The platform also has thousands of event contracts that it organizes into different categories beyond sports:  

• Politics: Effect on domestic and international political developments, including the 2026 U.S. Midterm Elections, presidential primaries, cabinet appointments, and the passage of specific legislation.
• Culture: Project pop culture milestones, what movies will win Oscars and Grammys, how much money will new movies make, when will video games be delayed, what celebrity gossip will be trending.
• Crypto: Trade the price levels of Bitcoin, Ethereum and Solana or predict major network upgrades, ETF approvals and high-profile legal wins in the digital asset space.
• Weather: Trade on meteorological milestones such as the high summer temperatures in major cities, the number of named Atlantic hurricanes in a season or an individual climate milestone.
• Economics: Predict major macroeconomic data before it is announced (e.g., Consumer Price Index (CPI) inflation prints, Federal Reserve interest rate hikes or cuts, monthly employment reports).
• Companies: Watch for corporate actions like CEO resignations, approval of major mergers and acquisitions, announcements of large layoffs and specific launch dates for new tech products.

Live event trading

Polymarket is an active exchange, so you are never locked into a position. Live event trading is a huge hit, especially during major sports championships or election nights. The contract prices update immediately as the probability of an event moves in real-time based on live action or new polling. This lets you get in late, cash out early to lock in a profit, or sell out of a failing position to mitigate your losses before the market officially resolves.

Midterms

As the 2026 U.S. Midterm elections approach, political markets are gaining huge trading volume. Polymarket trades contracts that are far more granular than who will control the House and Senate. Traders can wager on individual battleground state congressional races, gubernatorial contests, and the exact margin of victory for high-profile candidates.

Combos

Polymarket’s “Combos,” which were released in June 2026, function similarly to traditional sports betting parlays, letting you bundle multiple binary event contracts into a single position. The math behind Combos payouts is multiplicative based on the underlying odds. Say you combine a “Yes” contract on the U.S. Men’s National Team to win their World Cup group (trading at $0.40, or 40%) and a “Yes” on the Federal Reserve holding rates steady (trading at $0.60, or 60%). Your combined probability is 24% ($0.40 × 0.60 = 0.24). That means your bundled contract costs just $0.24, and has a much bigger potential payoff if both those events happen. But, like a parlay, you have to get every leg of the Combo correct to win the $1.00 per share payout. If any one event does not occur, then the entire ticket is graded as a loss.

Trading strategies to use with your Polymarket bonus

A different mentality to regular sports betting is needed to get your $20 bonus out there, as you can get out at any time. Here are five fundamental ways to leverage your edge on the exchange:

• Arbitrage trading: You can take advantage of short-lived price differences between Polymarket and other sites like Kalshi or traditional sportsbooks to profit instantly. If the NFL team is priced at 55% ( $0.55 ) to win on Polymarket, but a sportsbook is pricing it at 48% implied probability, you could buy the “No” contract elsewhere and the “Yes” contract on Polymarket to take directional risk out of the equation.
• Hedging open positions: After the market has moved in your favor, go the other way on an open contract to lock in a return. Say you buy a “Yes” contract on the U.S. Men’s National Team winning their World Cup group stage opener at $0.30 and they score the first goal, moving the contract to $0.75. You can then buy “No” contracts to lock in a payout no matter what transpires at the final whistle.
• News catalyst scaling: Secure early positions in highly reactive markets before major data releases or scheduled announcements. For example, if you buy a Federal Reserve interest rate contract minutes before a CPI inflation print drops, you can exploit the immediate, volatile price swings before the rest of the market reacts to the new data.
• Ride sentiment momentum: Get in early on high-volume cultural or political trends and sell your shares to the crowd at the peak of hype, long before the market officially resolves. This is extremely powerful in live election debates or large award shows where one viral moment can drastically change public opinion.
• Combo leverage trading: Combine several high-probability contracts with near-term expiry into a single position using Polymarket’s multiplicative payout structure to maximize your yield. For instance, if you combine a favored UFC fighter contract ($0.85) with a predictable macroeconomic print ($0.90), you lower your capital outlay while scaling your upside if both legs settle as expected.

How odds and fees work

Traditional sportsbooks have oddsmakers who set the lines and build in a built-in margin. Polymarket uses a pure market-set pricing model. Every contract on the exchange is a binary, two-outcome contract. You are simply buying shares of “Yes” or “No,” which will trade between $0.01 and $0.99. These prices are an instantaneous reflection of the likelihood of an event occurring in real-time, based on the active supply and demand of the traders themselves. Just as a stock or an options contract reacts to an earnings report, the contract prices move instantly as news breaks or smart money enters a position.  

Polymarket overhauled its fee structure in early 2026 with a dynamic “taker fee” model. The platform uses a variable rate curve instead of a flat commission, which is highest when the outcome of an event is a pure toss-up (50% probability) and drops to near zero as the outcome becomes more certain. Moreover, the platform uses different peak rates depending on market category to incentivize liquidity.  

For example, the maximum effective fee rate for sports markets is only 0.75%. If you place a $50 trade on a highly contested NFL game with a probability of exactly 50% ($0.50 per share), you will pay about $0.38 in total transaction fees. If you wait until one team takes the lead in the fourth quarter and the contract price rises to $0.85 (85% probability), the fee falls dramatically. Political and financial markets are near a 1.00% peak, but geopolitical and major world-event markets are completely fee-free.

Polymarket customer service

When I wanted to understand exactly how a particular political contract would settle, I put the platform’s support ecosystem to the test. The in-app live chat is the fastest resolution channel by far, but be aware that it is locked until you make your first successful deposit. 

Their email team is responsive for general inquiries before you fund your account, but don’t expect to get someone on the phone, as Polymarket does not operate a direct customer service call center. I would highly recommend checking out their extensive Help Center before you contact a representative. It’s a thoroughly searchable FAQ that clearly describes their pricing mechanics, KYC rules, and withdrawal protocols.

• Live chat: Available in-app and on desktop (unlocked after initial deposit)
• Email: [email protected]  
• Discord / X: @Polymarket

Polymarket payment methods

Funding your Polymarket account is no different than any other financial brokerage and allows traders to move capital efficiently over the normal USD payment rails. Because the regulated US exchange deals in fiat rather than crypto, you can easily deposit and withdraw cash into and out of the platform with normal banking options.

Processing Fees

Polymarket charges no internal fees for regular deposits and withdrawals. But traders have to be aware of 3rd party fees. Bank Transfer (ACH). ACH transfers are generally free of charge. If you fund your account with a credit card, however, you will almost certainly be charged cash-advance fees and higher interest rates by your card issuer. Polymarket does not charge for wire transfers, but your bank may charge fees for incoming or outgoing wires.

Withdrawal speeds and caveats

The time it takes for you to get your payouts will depend on the method you choose. Regular ACH transfers and PayPal withdrawals usually take 24-48 hours to go directly into your linked account. If you need quick liquidity, cashing out to an eligible debit card is often done within hours, assuming your bank supports push-to-card payments. Note that Polymarket has a “closed-loop” policy for security and anti-money laundering (AML) compliance: you can only make a withdrawal using the method you successfully used to deposit.

Polymarket trading limits and liquidity

Traditional sportsbooks will use blanket betting limits to limit the earnings of winning players, but Polymarket manages exposure by position limits specific to the market. As a regulated order book exchange, your maximum trade size is essentially limited by the available liquidity on the opposite side of your contract. But the platform has strict position limits on easily-manipulated or sensitive events to protect its integrity and meet CFTC rules. “Ceilings vary wildly by category, so you can put a lot more capital into a massive macroeconomic print than you can into a niche pop culture market.  

The depth of this available market directly determines the accuracy of the platform’s pricing. The cent-level prices in these high-volume, deep liquidity markets are highly efficient crowd-sourced probabilities, as there are thousands of traders actively fixing any pricing inefficiencies. In contrast, less liquid markets have wider bid-ask spreads and are less reliable for forecasting. If you are betting on obscure events that are not widely traded, a large bet can temporarily distort the price of the contract, creating potential value for sharp traders but higher risk for casual players.

Polymarket responsible trading

• KYC & Biometric Controls: Polymarket employs strong Know Your Customer (KYC) processes to prevent minors from trading. A valid government-issued ID and biometric Face ID scans are required before any account can actively trade.
• Selfie verification & account monitoring: The platform regularly verifies users with live selfie verification and actively monitors accounts to flag shared access or high-risk activity to ensure ecosystem integrity.
• Accountability tools: Tools embedded within the trading platform, such as customizable daily or weekly risk limits, trusted-contact visibility, and self-exclusion options that enable traders to lock their accounts temporarily or permanently, can assist traders in managing their exposure in a proactive manner.
• Deposit limits & proof of funds: Polymarket imposes deposit limits based on activity, and may require users to provide verifiable proof of funds in times of rapidly growing transaction volumes in an effort to protect traders from betting above their means.

Polymarket promo code FAQs

Does Polymarket have a promo code?

Yes, there is the promo code RATE for new users to sign up. It’s for Polymarket. Use this code at registration to access the platform’s current welcome offer: a $20 trading bonus after making your first deposit of at least $10.

How do you get bonus money on Polymarket?

To get the $20 bonus, create a new account using the promo code RATE and complete the mandatory identity verification. Then make a minimum deposit of $10 and place trades in event contracts for at least $10. Whether those first qualifying predictions win or lose doesn’t matter. The $20 bonus is automatically applied to your account.

Is Polymarket legal?

Yes, Polymarket is legal in most of the country and federally regulated as a Designated Contract Market by the CFTC. It is not a state-licensed sportsbook but a financial derivatives exchange, making it available to traders in 48 states, including large markets such as California, Georgia, and New Jersey. Currently, the platform does not accept traders who are physically located in Nevada.

Where do you enter the Polymarket promo code?

You will need to enter the promo code RATE when you are first creating your account. Once you find the promo code box on the sign-up screen, enter it before completing your registration and proceeding to KYC verification.

Is there a Polymarket referral bonus?

Yes, Polymarket does have a separate Refer-a-Friend program that is not included in the normal welcome bonus. Existing users can create a personal unique link in their dashboard. When a friend signs up using that link and makes a qualifying deposit and completes a trade, you will receive a bonus reward. At the moment, the platform has a maximum of 14 successful referrals per user to prevent abuse and to limit total earnings.

What’s the difference between the promo code, referral code, and invite code?

These terms are often confused but not interchangeable, and they serve completely different purposes.New users can avail the $20 sign-up bonus by entering the promo code RATE, a universal welcome code, at the time of registration. A referral code (or invite code) is an exclusive personal link created by existing users to refer friends and earn individual rewards.

Does Polymarket have an app?

Yes, Polymarket has native mobile trading apps for iOS and Android devices so you can manage your event contracts on the go. You can download the app on the App Store or Google Play and enter the promo code RATE directly on your phone during the first sign-up process.

What is Polymarket’s minimum deposit?

Your Polymarket account can be funded with a minimum deposit of $10. Conveniently, it’s exactly the deposit needed to trigger the $20 welcome bonus when you sign up with the promo code RATE.

Does Polymarket charge fees?

Yes, Polymarket has a variable “taker fee” on transactions, scaled by market category and the current probability of the event contract. The effective fee is highest (0.75% for sports markets, 1.00% for politics) when the contract is a pure 50/50 toss-up and tapers down toward zero as the outcome becomes more certain. Polymarket does not charge any internal fees for deposits, but if you fund your account through a credit card, your issuing bank will likely charge cash advance fees.