What is Polymarket Trading? How to Trade & Make Money Legally

In March 2026, Polymarket reportedly had over 745,000 monthly active users, a sharp leap from just ~70,000 earlier in the year.

What is Polymarket?

Polymarket is an American-based prediction market platform that allows users to bet on real-world future events and answer Yes/No questions. Users buy and sell shares based on outcomes using the USDC stablecoin on the Polygon network.

Polymarket is a leading blockchain-based prediction market, was founded by Shayne Coplan in 2020. The company has a current valuation estimated at $8 billion (with reports of seeking up to $15 billion) and has raised approximately $2.3 billion in total funding from major investors.

Polymarket Quick Overview

Detail	Quick Summary
Product	Decentralized Crypto Prediction Market
Core Function	Users buy/sell shares on the outcome of real-world events (e.g., elections, economics)
Founder & CEO	Shayne Coplan
Launch Date	2020 (Initially as Union.market)
Last Funding Round	Ongoing $400 Million (April 2026)
Lead Investor	Intercontinental Exchange (ICE) (Parent company of NYSE)
Total Funding Raised	~$2.3 Billion
Reported Valuation	$14.21 billion (Post-money) \| Seeking $15 billion round
Key Tech	Polygon Blockchain, Markets use USDC
Key Investors	Founders Fund (Peter Thiel’s VC), General Catalyst, Vitalik Buterin, ICE
Regulatory Status	Settled with CFTC (2022); Relaunching in US via acquired CFTC-licensed exchange (QCEX) for select markets

It is worth noting that Polymarket is a decentralized platform accessible from anywhere. Even though Kalshi trading, a centralized and CFTC-regulated U.S. exchange, Polymarket provides extensive opportunities for users outside the nation.

What makes Polymarket a more preferred prediction market platform is its wide accessibility and zero trading fees.

How Polymarket Trading Works?

In Polymarket, users trade Yes/No shares based on real-world event outcomes using USDC on the Polygon blockchain.

Each share price moves between $0 and $1 and represents the market’s live probability of the event occurring. Traders buy low and sell high or hold until resolution: correct shares pay $1 each, and wrong ones pay $0.

How to Use Polymarket: Quick Steps for Beginners

Go to polymarket.com or download the application → click “Sign Up” → use email or Google (no password needed).
Connect a wallet: MetaMask, Coinbase Wallet, or let Polymarket create one for you.
Deposit USDC on Polygon:
- Easiest: click “Buy with card” (MoonPay).
- Cheaper: buy USDC on Coinbase/Kraken/Crypto.com → withdraw to Polygon → paste your Polymarket deposit address.
Find a market you like (politics, crypto, sports, etc.).
Pick Yes or No → enter how many USDC you want to spend → place an order (market order = instant, limit order = your price).
Your shares now appear in Portfolio.
You can sell anytime before the event ends to take a profit or cut a loss.
When the event finishes, the market resolves (usually within hours).
- Winning shares = $1 each automatically. Losing shares = $0.
Click “Withdraw” → send USDC back to your wallet or exchange (free and instant).

That’s it. No fees from Polymarket, only tiny Polygon gas (~$0.01–$0.05 per action).

What is Polymarket Polls?

Polymarket polls are money-backed prediction markets where people bet on yes/no events. The share price shows the live probability of events. Even they are often more accurate than regular polls since real cash is at stake.

Here are a few real examples (as of April 2026):

Will Donald Trump win the 2028 presidential election? Yes, shares currently trade at ~$0.38 (38% chance).
Will Bitcoin reach $150,000 before 2026? Yes, it is at ~$0.66 (66% chance).
Will Taylor Swift and Travis Kelce still be dating on December 31, 2026? Yes is ~$0.81 (81% chance).
Will the Federal Reserve cut rates at the next meeting? Yes is ~$0.92 (92% chance).

How to Make Money in Polymarket

Making money on Polymarket is straightforward: You buy Yes or No shares with USDC and either sell them later at a higher price or hold until the market resolves.

If your prediction is accurate, every share pays exactly $1; otherwise, it returns $0. You can bet on various categories including politics, crypto prices, interest-rate decisions, sports, or election markets.

In short, users can make money in the following two ways –

Trade actively — Buy shares when odds move in your favor due to news, polls, or events, then sell when the price rises (even before resolution).
Hold to settlement — If the outcome you bought wins, every share automatically turns into $1 (so buying at $0.35 and winning gives you almost 3× return).

Polymarket Odds

Polymarket odds refer to the current trading prices of Yes/No shares in its prediction markets which directly represent the real-time assessment. For example, if Yes shares trade at $0.77 (or 77¢), the market is giving that outcome a 77% chance.

Here are some trending Polymarket odds as of April 2026:

Fed decision in January: No change? → 77% chance ($25M volume)
Super Bowl 2026 winner: Los Angeles Rams? → 20% chance ($623M volume)
Who will Trump nominate as the next Fed Chair: Kevin Warsh? → 48% chance ($61M volume)
Nicolás Maduro out of office by December 31, 2026? → 54% chance ($26M volume)
Tesla to Launch Unsupervised FSD by June 30, 2026? → 76% chance ($1M volume)
Luís Marques Mendes wins the Portuguese presidential Election? → 62–63% chance ($63M volume)

Is Polymarket Legit?

Yes, Polymarket is 100% legit. It is the biggest, most trusted prediction market in the world right now. It has been operated reliably since 2020, handling billions in volume including over $3.3 billion in trades on the 2024 U.S. election alone.

Additionally, funds stay in your own crypto wallet on Polygon. Users can control them fully, withdrawals are instant (just tiny gas fees), and everything is on-chain and verifiable.

However, in certain regions, such as India, the prohibition of real-money online gaming has created significant barriers, restricting access and limiting opportunities for millions.

In Which Countries Is Polymarket Legal?

Asia: India, Japan, South Korea, Indonesia, Vietnam, Philippines, Pakistan, Bangladesh, UAE, Saudi Arabia, Israel
Europe: Spain, Netherlands, Portugal, Austria, Sweden, Norway, Denmark, Finland, Greece, Czech Republic, Hungary, Romania, Switzerland (note: some of these have gray-area legal status locally)
Americas: Brazil, Mexico, Argentina, Colombia, Chile, Canada (except Ontario)
Africa: South Africa, Nigeria, Kenya, Ghana, Egypt
Oceania: New Zealand