Christopher has been writing professionally since 2014, with a focus on casinos and sports betting. After New Jersey legalized sports betting in 2018, he shifted his full attention to the gambling industry, joining Caten...
Cheryle is Director of Content and Strategy at DeFi Rate. She oversees the prediction market research, platform reviews, and editorial methodology behind every guide—from primary source verification through final fact-ch...
Updated: April 26, 2026
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Update: New users can skip the Polymarket.us waitlist by registering with a phone number and entering our exclusive Polymarket promo code RATE to receive a $20 account credit for any trade, including the NBA playoffs and NFL draft.
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. 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 code RATE on sign up will double up your first trade bonus compared to Kalshi’s $10 flat rate.
NBA Playoffs Game 4: Lakers at Rockets, 2026 NFL Draft #1 pick, Fed decision in May
Legal age
18+
Cashout speed
Instant settlement once the market resolves; cashouts typically within minutes
Market Volume 7D
$1.2B
Fees
Taker and maker fees vary
Offer expiry
Ongoing
Does Polymarket have a welcome bonus?
Yes. Polymarket runs a $20 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 $20 trading bonus once you make your first qualifying trade. The Polymarket welcome offer is currently active and verified for April 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 April test. We tested again in April. 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 $20 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 April 27 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 $20 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 April 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 trade: You’ll need to place a first trade of at least $10 to trigger the $20 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 $20 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 $20 trading bonus with invite code RATE.
Step 1 — Create your account and enter invite code RATE
Head to Polymarket on your mobile device and tap Sign Up. You’ll need to provide your phone number, full name, email address, date of birth, and address. When you reach the invite code field, enter RATE. A confirmation will show that the code is active and that you’ve skipped the waitlist.
Polymarket uses a third-party identity verification partner to handle KYC. You’ll be prompted to upload a government-issued ID and a selfie. Verification typically clears in a few minutes.
If you sign up on desktop instead of mobile, you may be routed through the standard waitlist flow. The invite code works best when you register directly through the iOS or Android app.
Step 2 — Fund your account
Once your identity is verified, you can deposit funds. Polymarket accepts four payment methods, and your balance is held in US dollars.
Debit card: Instant deposits, available immediately for trading.
ACH bank transfer: Free deposits, typically clear within one to three business days.
Wire transfer: Free deposits, recommended for larger amounts. Clears the same or next business day.
Apple Pay: Instant deposits, mobile-only.
The minimum deposit to claim the welcome offer is $10. Your funds become available for trading once the deposit clears, with debit card and Apple Pay providing the fastest access.
Step 3 — Find a market and read the rules
The home screen shows a selection of currently trending markets, with dedicated tabs for sports, politics, and economics so you can drill down into a specific category. When a market catches your interest, tap it to expand the details.
Every market has a rules summary explaining how and when the contract settles. This matters more than you might think and is the most common source of “Why didn’t I win?” complaints you’ll see on Reddit. Read the resolution criteria, the resolution source, and the timeline before you trade.
Step 4 — Place your trade
Once you’ve reviewed the market, you’ll see the current trading volume, prices, and order book. Choose Yes or No, enter the dollar amount you want to trade, and confirm. Your order processes instantly and your position appears in your account section, where you can monitor it in real time.
To unlock the $20 bonus, your first trade needs to be at least $10. Once your trade settles, the bonus credits to your account.
Step 5 — Cash out from Polymarket
When a contract settles, your payout is available within minutes for sports and elections, or by the next business day for economic markets like Fed decisions. Winning contracts pay $1 each, while losing contracts pay $0.
To withdraw, head to your account section and tap Withdraw. Choose your withdrawal method and enter the amount. Polymarket supports the same cashout methods used for deposits, so you can move funds back to your bank account, debit card, or Apple Pay. Withdrawals are free, and most clear within minutes for debit card and Apple Pay or one to three business days for ACH.
Note that bonus credit is non-withdrawable until you clear it through trading activity. Your trading profits and original deposit can be withdrawn at any time.
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 April 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.
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.
Click any promo code to copy it. Terms and conditions apply. Must be 18+ to participate.
Manage Comparison Platforms
Polymarket
Kalshi
Underdog Predict
DraftKings
Fanatics
OG Predictions
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.
The suspected inside trader who netted more than $400K on well-timed trades related to the capture of former Venezuela president Nicolas Maduro has finally been named. The Department of Justice today unsealed an indictment against Gannon Ken Van Dyke, a U.S. Army Special Forces master sergeant, charging him with using classified military intelligence to place […]
The Wisconsin Department of Justice has filed a series of lawsuits against major prediction market operators and their distribution partners, alleging that sports event contracts offered by Kalshi, Polymarket, and Crypto.com amount to illegal sports betting under state law. The complaints, announced April 23 by Attorney General Josh Kaul, include a case against Kalshi that […]
The Virginia redistricting referendum this week did not just redraw the state’s congressional map, it also gave prediction markets a chance to price a high‑stakes, court‑bound structural election in real time. On Kalshi and Polymarket, traders treated the Will the Virginia redistricting referendum pass question as a tight but lean‑Yes fight. Likewise, the margin‑of‑victory market captured the razor‑thin band that […]
The 2026 Ohio Senate special election has quietly become one of the best potential swing‑seat flips on the Democratic side of the map, and prediction markets are starting to treat it that way. The race is shaping up to be a former Democratic Senator coming back, Sherrod Brown, versus a Republican incumbent, Jon Husted, with both […]
Prediction markets are pulling in institutions like a magnet for cleaner real-world hedging. Citadel Securities, one of the world’s largest market makers, has just revealed it is actively monitoring the space, pointing to event-based contracts as a new way to hedge real-world risks like elections and macro shocks. And it’s not hard to see why. […]
It has been more than a week since Eric Swalwell suspended his campaign for California governor, and prediction markets are treating the field like a live‑wire contest. Polymarket and Kalshi markets related to the California governor race have all seen volume and volatility spike as traders sort through who really benefits from the collapse of a former frontrunner. […]
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, and is it legal?
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 upcoming 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:
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.
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.
Feature
Polymarket
Kalshi
PredictIt
Sportsbooks
Value score
High: Low fees, transparent, fast on-chain settlement
High: Low fees, regulated, compliant US exchange
Low: High fees, limited markets, slow payout
Medium: Bonuses, but higher vig/fees
Market depth
High: Deep liquidity on global and crypto-driven events
Medium-High: Deep liquidity on macro and political events
Low: Limited contract sizes, caps
High: Deep for popular sports, variable on props
Trading fees
Minimum taker-only fees; minimal blockchain costs
$0.01–$0.02 per contract
None
~5–10% vig on bets
Profit fees
None; traders keep full winnings
None; standard exchange fees only
10% on profits, 5% withdrawal fee
None (fees embedded in odds)
Resolution method
Independent oracles, verified on-chain
CFTC-regulated, third-party sources
Market operator decision
Official league/event results
Tax reporting
Likely 1099 forms upon US return
1099 forms provided for US users
Limited; typically no tax forms issued
1099 forms provided for US users
Level of difficulty
Medium: Requires crypto wallet and blockchain familiarity
Easy: Regulated exchange with a clear interface
Easy: Web-based, simple interface
Easy: App/web-based, familiar to most users
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.
Will BJ’s Wholesale Club Holdings (BJ) beat quarterly earnings?
-Yes, 91 cents
Tech
Which company has best AI model end of November?
-Google, 98 cents
Culture
Which movie has biggest opening weekend in 2025?
-A Minecraft Movie, 68 cents
World
Will the EU impose new tariffs on US goods in 2025?
-Yes, 73 cents
Economy
How many Fed rate cuts in 2026?
-Zero, 3 cents
Elections
Portugal Presidential Election
-Luis Marques Mendes, 46 cents
Mentions
What will Keir Starmer say at the next Prime Minister’s Questions event?
-Emergency, 59 cents
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.
Feature
Polymarket
Kalshi
PredictIt
Sportsbooks
Best for
Global traders who are familiar with crypto and are looking for decentralized markets.
US traders who want a fully regulated, USD-based event exchange
Casual U..S. traders, political research.
Sports bettors who are looking to wager on fixed odds.
Regulatory status
Decentralized platform that’s preparing for a CFTC-approved US return
Fully CFTC-regulated as a Designated Contract Market (DCM)
Operating under a limited CFTC exemption.
Regulated by individual states.
Minimum deposit
No minimum
$10
$10
Varies by sportsbook, typically $5-$10.
Payout/currency
USDC
USD
USD
USD
Available in
Global, US return soon
All 50 US. states
US
39 US states plus Washington, D.C.
Difficulty level
Medium. An understanding of cryptos is helpful. Broad range of markets to choose from.
Easy to medium: simple yes/no markets, but resembles futures-style trading
Easy. Web-based with limited markets.
Easy. There is an Initial learning curve for those unfamiliar with sports wagering.
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.
Method
Fees
Minimum
Withdrawal Supported
USDC (Polygon network)
Network fees only (low)
No platform minimum
Yes
USDC (Ethereum or other supported networks)
Network fees may vary
No platform minimum
Yes
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
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.
FAQs
Can I withdraw my winnings to a bank account?
Indirectly. You withdraw USDC to your wallet, then use an exchange or off-ramp service to convert it to fiat. Polymarket itself does not handle bank withdrawals.
How does Polymarket determine market outcomes?
Outcomes are resolved through independent oracles and verified third-party data sources. Once resolved, winning shares pay out $1 and losing shares settle at $0.
Do I need crypto experience to use Polymarket?
Some, as you’ll need to understand how wallets work and be comfortable with transferring. New users may need a brief learning period before trading comfortably.
Is Polymarket good for beginners?
It can be, but only if you’re comfortable with crypto basics. For those new to wallets or stablecoins, Kalshi or another regulated platform may feel more familiar.
Can I cancel a trade after submitting it?
No. Once a trade executes on-chain, it’s final. You can exit by selling your shares before the market settles.
Can Polymarket markets be manipulated?
Large trades can move prices in low-liquidity markets, but outcomes cannot be manipulated. All contracts settle based on independent, verifiable data sources, not trader activity. Price swings reflect supply and demand, while settlement is locked to official results.
Does Polymarket limit how much I can trade?
There are no fixed position caps for most Polymarket markets. Your limits depend on available liquidity and how much USDC you choose to risk. High-volume markets can support large positions, while smaller markets may require more cautious sizing.