Polymarket Promo Code RATE: Deposit $20, Get $50 Bonus

Polymarket operates two versions of its prediction markets site, Polymarket US and Polymarket Global.

Polymarket US is a CFTC-regulated prediction market exchange operated by QCX LLC, offering sports, politics, and economics contracts to traders across most US states. It rolled out a new app upgrade this past week. Trades settle in US dollars, and you can fund your account by debit card, ACH bank transfer, wire transfer, or Apple Pay.

For Polymarket Global, you have the option of using blockchain and USDC instead. The site offers significantly more options with contracts trading in the tens of millions daily.

Polymarket isn’t as big as Kalshi (yet), but it covers the same core categories of sports and political markets, and the welcome offer is a better deal. Entering the invite code RATE on sign up will give you instant access plus double up your first trade bonus. 

Polymarket promo code for May

Does Polymarket have a welcome bonus?

Yes. Polymarket runs a $50 sign-up bonus for new accounts, also referred to as a welcome bonus or trading bonus, and you can skip the waitlist by using the invite code RATE on signup. The code does double duty: it gets you past the waitlist that gates new US signups, and it triggers the $50 trading bonus once you make your first qualifying trade. The Polymarket welcome offer is currently active and verified for May 2026. Eligibility is limited to one new user bonus per account, and you’ll need to be located in a state where Polymarket US operates. Terms and conditions are covered in the next section.

Where can I get a Polymarket invite code?

Polymarket gates new US signups behind a waitlist that can take weeks to clear. Our special invite code RATE skips that queue. Enter it during signup on the iOS or Android app and you’ll move straight to account verification, no waitlist required.

Our most recent test. We tested without an invite code Polymarket assigned us position #1,296,216 in the waitlist queue. Using RATE skipped the line entirely.

The code also unlocks the $50 trading bonus once you complete your first qualifying trade.

A few things worth knowing before you use it:

• Mobile gives you the cleanest path. The code RATE works best when you sign up directly through the Polymarket app on iOS or Android. Desktop signups can still route through the standard waitlist flow even with the code entered.
• Enter the code during signup, not after. If you create your account first and try to add RATE later, the system won’t apply it. Codes can’t be added retroactively.
• One code per account. You can only use one invite code on signup, so if you’ve already entered another code, you can’t switch to RATE.
• The code is verified. RATE is current as of May 16 2026 with no expiration date. If you see other codes circulating on Reddit or social media, many are tied to expired campaigns.

If you’re searching for a Polymarket promo code, referral code, or invite code, RATE covers all three. Polymarket uses the terms interchangeably, and the same code triggers the welcome bonus regardless of which field labels it.

Polymarket promo code terms and conditions

The $50 trading bonus is available to new accounts only. Enter invite code RATE during signup since the code cannot be applied retroactively after your account is created. The offer is verified for May 2026 with no current expiration date.

• Eligibility: You must be 18 or older and located in a US state where Polymarket operates. Restricted states are listed in the legal states section below.
• KYC verification: You’ll need to verify your identity through Polymarket’s onboarding partner before you can fund your account or trade. Have a government-issued ID and proof of address ready.
• Waitlist skip: Entering RATE during mobile signup bypasses the standard waitlist. If you sign up on desktop, you may still need to register through the waitlist flow.
• Qualifying deposit: Your first deposit must be $20 or more to qualify for the $50 bonus. The bonus credits to your account after your trade settles.
• One per account: You can only claim the promo once. If you create duplicate accounts, you won’t qualify.
• Bonus use: You can use trading bonus funds on any eligible market. Your bonus credit is non-withdrawable until you clear it through trading activity per the platform’s standard wagering terms.

How to claim the $50 Polymarket bonus

Claiming the welcome offer takes about five minutes once you have your ID and payment method ready. Here’s how to register, fund your account, and unlock the new $50 bonus offer with invite code RATE.

Polymarket promos for existing users

Polymarket doesn’t run reload bonuses or odds boosts the way a traditional sportsbook does, but active users have several ways to earn beyond their trading P&L.

Liquidity rewards. Polymarket pays daily USDC rewards to users who place limit orders that help keep markets balanced. The closer your orders sit to the market’s midpoint, the larger your share of the daily reward pool. Polymarket is currently distributing over $5 million in liquidity incentives across May 2026 sports and esports markets, split between pre-game and live (in-play) trading periods. The minimum payout is $1 per day, and rewards are credited to your account at midnight UTC.

Maker rebates. When you place a limit order that gets filled by another trader, you act as a maker. Maker orders pay zero fees on Polymarket, and a portion of the taker fee from the trader who filled your order is redistributed back to you as a USDC rebate. Rebates are paid daily and stack on top of any liquidity rewards you earn on the same market.

Volume and market maker incentives. Polymarket’s US documentation lists additional volume-based and deposit-based incentive programs alongside the core liquidity rewards. These rotate regularly and are worth checking in the app’s rewards page before active trading periods like the NFL playoffs or the World Series.

Referral program (Polymarket Global only). If you have a Polymarket Global account, you can earn 30% of trading fees from users who sign up through your direct referral link, plus 10% from indirect referrals (people referred by your referrals). The referral tier requires at least $10,000 in lifetime trading volume to unlock, and rewards run for the first 180 days of each referred user’s trading activity. This program does not currently exist on the US product, but Polymarket has signaled that a broader bonus structure may roll out as the US version expands.

You can track all active rewards from the Rewards tab in the app, where you’ll see which markets currently have incentives, your current earnings for the day, and your historical payout totals.

Today’s trending prediction markets

Polymarkets top markets for May 14:

California Governor Election Winner Xavier Becerra leads California’s governor race at 52%, well ahead of Tom Steyer’s 32% and Steve Hilton’s 9%. Recent polling confirms Becerra’s surge from fourth place following Eric Swalwell’s campaign exit, though a viral KTLA interview where he attempted to set ground rules with a reporter has drawn criticism. The former HHS Secretary’s dominance among Democrats helped secure his frontrunner status in the crowded field. With over $21 million traded, California traders can use promo code RATE for a $50 sign-up bonus.

Volume: $21,419,526

Stanley Cup playoffs: The Sabres hold a narrow edge on Polymarket at 52%, just ahead of the Ducks at 50% and Golden Knights at 51%. Vegas advanced to within one win of the Western Conference Final yesterday, beating Anaheim 3-2 in overtime as Pavel Dorofeyev scored twice including the OT winner. The Golden Knights now lead the series 3-2, with Game 6 tonight in Anaheim. Meanwhile, the Sabres evened their series 2-2 against Montreal with a 3-2 victory, setting up a crucial Game 5.

Volume: $68.33K

MLB games: Pittsburgh Pirates are the favorite in their matchup tonight at 62%, with Cincinnati Reds are 59% and the Rockies have a narrow edge at 56%. Colorado’s odds likely got a bit of a boost from their 10-4 victory over Pittsburgh yesterday, where Mickey Moniak celebrated his 28th birthday with a cycle – doubling, tripling, and homering. Jake McCarthy made the first unassisted double play by a left fielder since 2013. The Rockies snapped a five-game losing streak against the Pirates and ended their three-game skid overall.

Volume: $47.89K

Cubs vs Braves Atlanta leads at 59% over Chicago at 42% in this Cubs-Braves prediction market. The Braves enter tonight’s game as NL East leaders with a dominant 30-13 record, while the Cubs (27-16) look to break a four-game losing streak after falling 5-2 in the series opener on May 12.

Volume: $38.55K

2026 PGA Championship Winner? Golf’s second major of the season tees off today at Aronimink Golf Club in Newton Square, PA. Defending champion Scottie Scheffler is the pre-tournament favorite at 17%, followed by Rory McIlroy (10%). Headline golf events tend to attract significant volume ahead of the event and through Sunday’s final round.

Volume: $313.5K.

If you’re interested in trading other markets beyond these, use our tracker below to find the latest trends and volume. Below is today’s snapshot of what’s moving right now on Kalshi vs. Polymarket. The most volume is traded on sports, followed by politics and crypto.

Compare Polymarket against other sites

You can use our comparison tool to compare Polymarket against other prediction markets. We’ve defaulted to the top platforms, but press the “+” indicator to add more or remove any of the markets we provided.

Is Polymarket legal?

Yes. Polymarket is legal and operates under full federal oversight from the US Commodity Futures Trading Commission as a Designated Contract Market. The platform holds the same regulatory status as traditional commodity exchanges. For sports contracts and election markets, CFTC jurisdiction preempts state gaming laws because event contracts are classified as commodities derivatives, not gambling.

Polymarket US now operates legally nationwide under federal oversight. The platform is excluded from the state-by-state licensing requirements that apply to online sportsbooks, which is why it can offer sports event contracts in states like California and Texas where traditional sports betting isn’t legal.

• Regulatory compliance: Polymarket US is a Designated Contract Market regulated by the CFTC, which has authority over federal trading laws.
• Federal preemption: Because event contracts are classified as derivatives rather than gambling, CFTC jurisdiction generally overrides state gaming statutes.
• Active state challenges: Tennessee and Wisconsin have sued or sent cease-and-desist orders against Polymarket directly. Nevada took action ahead of Super Bowl LX, and Polymarket has geo-blocked Massachusetts following a related court ruling against Kalshi. In states where federal courts have blocked state enforcement, Polymarket continues to operate under federal CFTC jurisdiction. In states where the state has prevailed in court, access is restricted. The CFTC itself sued Connecticut, Arizona, and Illinois in April 2026 to defend its exclusive regulatory authority. The current restricted state list is in the next section.

Where is Polymarket available?

Latest news and updates related to Polymarket

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US Elections

Louisiana Senate Markets Turn on Cassidy as Trump-Backed Letlow Gains Ground

Trump-backed Julia Letlow is the clear favorite over incumbent Sen. Bill Cassidy on prediction markets in the Louisiana GOP Senate race.

May 15, 2026

General

2026 PGA Championship Odds: Outrights, Round Leaders, and Combos at Kalshi and Polymarket

Kalshi had nearly $130 million in live 2026 PGA Championship-related volume by Day 1, with the outright winner market alone above $110 million. Scottie Scheffler remains the favorite across all prediction markets.

May 14, 2026

US Elections

Markets Aren’t Buying AOC‑Backed Rabb Surge in PA-03 Democratic House Primary

Pennsylvania’s 3rd Congressional District Democratic primary isn’t just a local House race anymore. It’s turned into the hottest early test of the party’s 2028 fault lines.  Alexandria Octasio-Cortez is openly championing progressive Rep. Chris Rabb while Gov. Josh Shapiro maneuvers behind the scenes to boost state Sen. Sharif Street and block what Axios calls an “AOC‑backed progressive takeover.”  Prediction markets aren’t buying […]

May 13, 2026

Regulation & Policy

House Democrats Seek Prediction Market Records Amid Suspicious Iran War, Oil Trades

House Democrats ask for subpoenas to identify traders behind suspicious Iran-linked wagers, as Chairman James Comer says Oversight is now seeking information from prediction market operators

May 13, 2026

US Elections

Markets Not Buying Dan Osborn Nebraska Upset Story Despite Tight Polls

Dan Osborn polls tied with Pete Ricketts in Nebraska Senate race, but prediction markets are not buying his story.

May 11, 2026

Prediction Market Reports

Kalshi Sets Weekly High $4.1B Volume as Polymarket Continues Slide to $1.6B

Kalshi hit a record $4.13B in weekly notional volume, up 8.5% WoW, while Polymarket fell 6.2% to $1.60B. Kalshi now holds 72.1% of combined volume.

May 11, 2026

Polymarket sports markets and promo

Polymarket gives you the deepest liquidity. If you want to move large positions without slippage, this is where the money is.

The tradeoff is that Polymarket runs on crypto rails. You’ll need USDC to trade, which adds a step if you’re coming from traditional banking. For US users, the platform charges a 0.10% taker fee with free withdrawals. If you’re outside the US, most markets have zero fees but you’ll pay 2% of net profits when you withdraw. New users can use promo code RATE when signing up.

One thing to watch in the US: Nevada temporarily banned Polymarket ahead of the Super Bowl, and the platform remains unavailable in New York. If you’re in either state, you won’t be able to access sports markets on this site. You can opt for Kalshi instead, which comes with a $10 bonus.

Polymarket doesn’t offer the same live in-game trading that Kalshi does, so this is better suited for pre-game positions you plan to hold through settlement. If you want to trade live as the score changes, Kalshi or OG are better options. Polymarket US offers sports, economics and election betting.

Pros

• Decentralized platform: Built on the Polygon blockchain, trade directly without intermediaries.
• Global access: Open to traders worldwide, preparing for a return to the US.  
• Market diversity: Covers a broad range of interests, including crypto, economics, politics, and sports.
• Fast settlement: Markets resolve and settle quickly, with funds available instantly.

Cons

• Crypto-only: Deposits, trading, and withdrawals require USDC and a connected crypto wallet. No fiat support.
• Learning Curve: Prediction market trading is similar to futures markets. It may take time for new users to get up to speed.
• Variance: Price volatility can be higher in illiquid markets. 

What is Polymarket?

Polymarket is a decentralized prediction market that allows users to trade on real-world events using cryptocurrency. Founded in 2020 by Shayne Coplan, the platform was built on the Polygon blockchain to make information markets accessible.

Users trade “Yes” or “No” shares on the likelihood of future outcomes in a variety of markets. After gaining traction following its debut, Polymarket exited the US market in 2022 after reaching a settlement with the CFTC on the offering of unregulated financial products. 

Polymarket continued operating globally, emerging as the world’s largest prediction market platform. In 2025, the company acquired QCEX, a CFTC-registered exchange, and subsequently announced plans to return to the US.     

Latest news on Polymarket’s growth & market expansion

Since its debut, Polymarket has grown into one of the largest and most liquid prediction markets in the world. The company’s early traction was derailed in 2022. It was forced to exit the US over allegations it was operating an unregistered derivatives trading platform

Polymarket has been operating globally since then, soaring in usage, with volume reportedly over $3 billion in October 2025 alone. The company completed its initial US relaunch in January 2026 debuting with sports markets only, after receiving a green light from the CFTC following its acquisition of a registered exchange. Polymarket expanded its offerings on April 8, to include economics and elections betting, perfectly timed with the 2026 US primary cycle.

Often viewed as the global leader in the prediction market space, Polymarket will face stiff competition from Kalshi, which has emerged as the dominant US platform. 

How Polymarket works

Polymarket is a decentralized prediction market that lets users trade on the outcome of real-world events. Each market centers on a topic that will be resolved in he future. Examples of markets available for trading include: 

• Fed decision in May? 
• What price will Bitcoin hit in 2026? 
• Republican presidential nominee 2028? 
• Heisman Trophy winner?  

Each contract is priced between $0.01 and $0.99, reflecting the collective probability that the event will occur. For example: 

• A “Yes” share priced at $0.72 signals a 72% market belief that the event will happen.
• A “No” share priced at $0.28 implies a 28% belief that it won’t.

When the event resolves, winning shares are paid out at $1 each, while losing shares settle at $0. The difference between your purchase price and payout determines your profit or loss. Consider the following scenario: 

• You buy 100 “Yes” shares on “Bitcoin above $100,000 by December” at $0.45, for a total of $45.
• If the event resolves in your favor, your payout is $100. Your profit is $55, less fees. 
• If Bitcoin fails to hit that mark, your contract expires worthless. You’re out $45. 

Learn: How prediction markets work

Markets are resolved by independent on-chain oracles, which verify outcomes using publicly available data. You can enter or exit positions at any time before resolution, buying or selling shares based on how market sentiment shifts. 

Polymarket’s decentralized model means pricing adjusts dynamically according to user demand rather than a central exchange operator. Open access and transparency have helped make it a standout option and a global leader in prediction market trading. 

Polymarket’s global platform has traditionally not charged fees, but began introducing small taker-only fees on 15-minute crypto markets in early 2026. Polymarket US charges a flat 0.10% taker-only fee on total contract value, which is much lower than any rival regulated exchange.

Markets available for trading

Polymarket offers a diverse range of markets for trading. No matter your interests, you can easily find a fit. Popular attractions include crypto, economics, politics, and sports. Below, you’ll find a sampling of what’s available in featured categories, along with examples of pricing. 

How to buy and sell contracts at Polymarket

To buy and sell contracts at Polymarket, you’ll need to register for an account. It’s a quick and painless process that takes just a few minutes. From there, head to your account section and add funds to trade with. You can transfer from an exchange or use MoonPay to purchase USDC. When your account is fully approved, deposits will process seamlessly and instantly. 

Once you’re all set up, you can start browsing the available markets to see what you want to trade. The default main screen will feature a selection of currently trending markets. There are also dedicated tabs for top categories that allow you to drill down further into a specific area of interest. 

Once you see a trade that you’re interested in, tap it to expand the details. 

You’ll see the complete details, including current trading volume and prices for each selection. When you’re ready to place the order, tap your choice and enter the amount that you want to trade. 

Once you click trade, it’ll process instantly. You can easily track the progress of your open positions in your account section. Navigation is super smooth at Polymarket. From signing up to adding funds, placing trades, to monitoring your positions, the platform delivers a user-friendly experience. 

Polymarket vs. Other Prediction Market Apps

Here’s a detailed look at how Polymarket compares to other leading prediction market apps. 

Polymarket vs Kalshi:

• Polymarket is a decentralized, crypto-based prediction market that lets users trade on global events using USDC.
• The Kalshi app is a fully regulated US exchange operating under CFTC oversight, with USD-based trading and clear tax reporting.
• Polymarket emphasizes speed, market variety, and decentralization, while Kalshi prioritizes regulation, structure, and traditional accessibility.
• Polymarket continues to prepare for its return to the US. 

Polymarket vs PredictIt:

• Polymarket offers significantly more liquidity, faster settlement, and a wider variety of markets than PredictIt.
• PredictIt operates under a limited exemption, with strict position caps and slower withdrawals.
• Polymarket supports global access and crypto-based trading, while PredictIt is limited to US political markets with tighter constraints.
• Users looking for scale, volume, and market diversity are better off at Polymarket, while PredictIt appeals to those focused specifically on US politics.

Polymarket vs Sportsbooks:

• Polymarket uses market-based pricing where traders buy and sell event shares directly with each other. Its markets cover politics, crypto, world events, entertainment, and some sports.
• Sportsbooks use fixed odds set by the house and are almost entirely focused on sports wagering.
• Polymarket offers global access through crypto, while sportsbooks are regulated state-by-state and operate in limited jurisdictions.
• Sportsbooks appeal to bettors who want traditional wagering, while Polymarket suits traders seeking fast-moving, peer-to-peer markets across a wider range of topics.

What others are saying about the app

While reviewing Polymarket, we checked out the feedback across major review hubs. We found a mixed bag. On TrustPilot, it has a poor rating of 1.3. Common complaints include price moves based on “whale” trades, while a handful alleged they were trading against bots. 

On the App Store, the platform has a much more favorable rating of 4.8, while it currently stands at 2.8 on Google Play. Positive reviewers touted the depth of markets and ease of use, while several complaints centered on the crypto-only banking options.  

Polymarket does make it crystal clear that it’s a crypto-focused environment. Our experience aligned more with the iOS reviewers. During our test runs, we had a seamless and hassle-free experience. Polymarket deserves solid marks for its iOS and Android apps. 

Polymarket deposit and withdrawal options 

Polymarket is a crypto-only platform. All deposits and withdrawals are handled in USDC. To fund your account, you connect a compatible crypto wallet and transfer USDC on a supported network. Deposits are processed instantly on Polygon or other supported networks. 

Withdrawals are equally fast, with users able to move USDC back to their wallets on the same network they deposited from. Polymarket does not charge fees upon withdrawal, but standard blockchain network fees may apply. Timing varies based on network congestion, but is generally fast.

How to contact customer support

There are several ways for users to get help from Polymarket customer support.

Options

• Live chat: Available directly on the website through the support widget
• Discord: Active server with a dedicated ticketing system
• Email: [email protected]
• Social: Active presence on X: @polymarket
• Help Center: Extensive guides

While reviewing Polymarket, we found a mixed bag of feedback from users. Some reviewers had positive customer support experiences, while others were unhappy with both wait times and the helpfulness of the answers they received. 

During our own test, we used the chat feature and received an answer within minutes. We also found the help center to be informative and useful. While we had a positive experience, numerous negative reviews suggest Polymarket has lots of room for improvement.   

Who is Polymarket best for?

Polymarket is a great fit for traders who are comfortable using cryptocurrency. It’s especially appealing to users who value decentralization, low fees, and the ability to trade global events with deep liquidity. Data-driven traders will feel right at home on the platform.

It’s not the best match for beginners who prefer traditional banking or anyone unfamiliar with blockchain transactions. For those used to fixed odds environments or trading in other financial markets, know that there is a learning curve when getting started with prediction markets. 

Final rating 4.5 out of 5.0

Polymarket has become one of the most influential prediction market platforms in the world. Its decentralized structure and deep liquidity have made it a hit. It’s a great fit for users who want speed, transparent trading, a wide range of markets, and global access. 

The platform brings plenty to the table, and there should be more to come as its re-entry to the US market continues to play out. Our rating could rise even further as the platform continues to refine its user experience.

• Banking: If you only want to deal with crypto, you’ll be right at home here. Those who want the additional flexibility of leaning on traditional banking methods as needed will have to wait and see if any new options will be added.  
• Support: Common customer complaints on major review platforms center around customer support, both helpfulness and wait times. Polymarket could benefit from a greater focus on improving the customer experience here. 
• Data: The platform’s “breaking” section provides real insight into the biggest market movers, which is notably lacking at some competitors. Adding some additional simple volume tallies without the need for excessive filtering would help it stand out even more. 

Prediction markets continue to evolve quickly. Polymarket has positioned itself as one of the clear leaders in the space. Whether you’re an experienced trader or completely new to the game, it’s more than deserving of a spot in your lineup. 

Additional prediction market platform promos

Polymarket is one of several regulated platforms now operating in the US prediction markets space. If you want to compare sites like Polymarket or hold accounts at multiple exchanges, the platforms below are worth considering.

• Kalshi: Kalshi is the largest prediction market by US volume, with over 4,000 active markets spanning sports, politics, economics, and culture. Use promo code DEFI for a $10 bonus after your first $10 in trades. See our Kalshi referral code page for full details.
• Underdog Predict: Underdog Predict covers a broad slate of sports event contracts, including NFL, NBA, MLB, and college sports, through its partnership with Crypto.com’s CDNA exchange. Enter code DEFIRATE at signup for a $50 bonus. See our Underdog Predict promo code page for full details.
• FanDuel Predicts: FanDuel Predicts offers a $25 bonus for new accounts after completing identity verification. No promo code or deposit is required to claim the offer. See our FanDuel Predicts promo code page for full details.
• DraftKings Predictions: DraftKings Predictions is available in all 50 states and routes sports and finance contracts through CME Group. New users can claim a $25 bonus with no promo code. See our DraftKings Predictions promo code page for full details.
• Crypto.com: Crypto.com offers prediction markets alongside its full cryptocurrency trading platform, with deposits accepted in both fiat and digital currencies. Sign up with code DEFI for a $50 new user bonus. See our Crypto.com promo code page for full details.
• OG.com: OG is the standalone prediction markets app from Crypto.com, offering sports, politics, economics, and culture markets. Check our OG promo code page for the current welcome offer. See our OG.com promo code page for full details.
• Robinhood: Robinhood offers prediction markets through a Kalshi partnership, with event contracts available directly alongside stocks and crypto. New users can claim up to $200 through the exclusive invite link. See our Robinhood promo code page for full details.

FAQ

Do I need an invite code to use Polymarket?

Yes, if you’re in the US. The Polymarket US waitlist has over one million people waiting to get in, and the invite code is the only way to skip the queue. Without a code you’ll join the waitlist and wait who knows how long. The code RATE bypasses that waitlist and unlocks instant access to the current welcome bonus at the same time.

What does the Polymarket promo code RATE actually do?

Two things: immediate waitlist bypass and the new-user trading bonus. After you enter RATE at signup and complete your account verification, you can fund your account and start trading the same day. The bonus credits will hit your account after your first qualifying deposit, with terms set by Polymarket and subject to change.

How do I enter the invite code at signup?

Tap Sign Up on the Polymarket app, enter RATE in the invite code field on the registration screen, then complete the rest of the form. The code field appears before identity verification, so don’t skip past it. If you sign up through one of the links from this page, the code should apply automatically — check the field is populated before submitting.

Should I pay for a Polymarket invite code?

No. All legitimate Polymarket invite codes are free and you should never pay for one. Anyone selling a code on a marketplace, Discord, Reddit or Telegram is running a scam — the code itself is public and paying gets you nothing you couldn’t get by typing four letters.

Can I withdraw the welcome bonus right away?

No. Bonus credits are non-withdrawable trading funds, not cash. Profits earned from trading with bonus credits are typically withdrawable once you meet Polymarket’s account verification and activity requirements, but the original bonus amount stays on the platform. Bonus credits also expire within 7 to 30 days of activation depending on current terms, so check the offer details on signup.

Why does Polymarket have a waitlist at all?

Polymarket US relaunched in November 2025 after acquiring CFTC-registered derivatives exchange QCX, and it staged the rollout to manage capacity, compliance review, and liquidity across markets. Over one million users registered before the platform could process them, which created the queue. Invite codes from approved affiliate partners are how Polymarket prioritizes early access without opening the floodgates.

What states can I trade from?

Polymarket US operates in states where event contract trading is permitted under CFTC oversight. As of today, Nevada is the only state where Polymarket is not active. You’ll need to be physically present in an eligible state when you trade, and the app uses geolocation to confirm. VPN workarounds violate the terms and will get your account closed.

Do Polymarket invite codes expire?

The code itself does not expire, but the welcome offer attached to it can change without notice. Polymarket has the right to pause, modify, or end the bonus structure tied to any partner code at any time. The bonus credits, once issued, expire within 7 to 30 days of activation. If you’re going to claim, fund the account and place your qualifying trade promptly.

Can I share my own Polymarket invite code with friends?

Yes. Polymarket offers a separate referral program for existing users, distinct from partner promo codes like RATE. Once your account is active, look for the referral or invite section in your app settings to find your personal code and the current referral reward terms. Your friends can use either your personal referral code or a partner code at signup. They can not use both.