What Is Polymarket?
Polymarket is a decentralized prediction market built on the Polygon blockchain where users trade shares representing the outcomes of real-world events. Instead of betting against a bookmaker, participants trade directly with one another through an open order book, allowing market prices to emerge from supply and demand.
Every market is based on a clearly defined question, such as whether a political candidate will win an election, whether Bitcoin will reach a certain price, or whether a specific event will occur before a given date. Each outcome is represented by tradable Yes and No shares.
Unlike traditional financial markets, Polymarket prices are expressed as values between $0.00 and $1.00, making them easy to interpret as market-implied probabilities. A share trading at $0.72 suggests that market participants currently estimate a 72% probability of that outcome occurring.
Markets are settled onchain after resolution, while users maintain custody of their assets throughout the trading process.
