Reviewed by Sam Xu
Melbourne AI Expert
Overview
Polymarket is a prediction market platform where users trade on the outcomes of real-world events using cryptocurrency. It features markets on topics like sports, politics, finance, and crypto price movements, with live betting options such as BTC 15-minute up or down. The platform operates globally through separate legal entities, with Polymarket US regulated by the CFTC as a Designated Contract Market.
Key Features
- Markets on sports outcomes (e.g., Seahawks vs. Patriots NFL game with 69% chance for Seahawks).
- Crypto-related predictions (e.g., Bitcoin price targets like ↑90,000 with 20% chance or ↓70,000 with 51% chance).
- Political and geopolitical events (e.g., US strikes Iran by February 13 with 9% yes chance or Russia-Ukraine ceasefire by end of 2026 with 46% chance).
- Financial markets (e.g., Fed decision in March with 91% chance of no change or S&P 500 opens up or down on February 4 with 57% up).
- Entertainment and awards (e.g., Oscars 2026 Best Picture winner like 'One Battle After Another' with 70% chance).
- Live trading with volume indicators (e.g., $10m volume on NFL game or $13m on Bitcoin February price).
- Binary yes/no outcomes (e.g., Will anyone be jailed over Epstein disclosures with 15% yes chance).
- Multi-outcome markets (e.g., Where will Giannis be traded with options like Not Traded at 49% or Minnesota Timberwolves at 27%).
- Event timing markets (e.g., Kevin Warsh confirmed as Fed Chair by May 1 with 58% chance).
- Global election predictions (e.g., Thailand Legislative Election Winner with People’s Party at 66%).
Pros & Cons
Pros
- Good website for those interested in this type of betting
- Best by far has the most volume and realistic odds and most outcomes to bet on
- Platform is simple, the markets move fast, and the prices shift entirely based on what traders believe
- Go-to platform for crypto-savvy users who want a fast, flexible, and global way to trade predictions
- Best betting platform at the moment. Really good prices. Fast/instant pay outs on crypto
- Very good app!!! I like the breakdown of the individual categories and the graphs are a very nice touch !!!
Cons
- Huge waste of time, mainly because of the terrible customer support
- Easy for scammers to cheat you
- Super slow to execute orders
- Delay in submitting orders
- Platform is subject to manipulation, with outcomes influenced by individuals holding substantial amounts of tokens
- Rigged or arbitrary resolutions
What Users Say About Polymarket
Quotes from G2, Reddit, and other public reviews
- 'A good website for those interested in this type of betting' – User, Trustpilot
- 'Best betting platform at the moment. Really good prices. Fast/instant pay outs on crypto.' – User, Trustpilot
- 'Very good app!!! I like the breakdown of the individual categories and the graphs are a very nice touch !!!' – User, Trustpilot
- 'Polymarket is the best by far has the most volume and realistic odds and most outcomes to bet on.' – Reddit user
- 'Polymarket is insider traders taking free money from other donators until it's more tightly regulated.' – Reddit user (negative, but real)
- 'I've been using Polymarket recently, and it clicked with me right away.' – PokerNews review
Pricing
See website
See official website for current pricing.
Affiliate link · Not financial advice
Final Verdict
Polymarket offers a unique decentralized platform for prediction markets with high liquidity in popular events, but faces criticism for potential manipulation and poor customer support. It may suit crypto users comfortable with blockchain risks, but caution is advised. This is not financial advice.
Affiliate link · Not financial advice
About the Reviewer
Sam Xu
Verified ExpertMelbourne AI Expert • Melbourne, Australia
Sam Xu is a Melbourne-based AI specialist with over 8 years of experience in fintech and AI tool evaluation. He has researched 100+ investment tools and helps traders and investors choose the right technology for their needs.
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