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With over 30 million users globally, Americans can now trade on the World's Largest Prediction Market™
By Irfan Rosli
News editor
Polymarket is a prediction market app. Users buy and sell shares tied to whether a future event happens, and the listing says the markets cover a wide range of subjects, including sports, geopolitics, elections, news, technology and culture. Its stated purpose is to let people put money behind a view on how something will turn out.
The listing states that trading is for adults only, aged 18 and over. Trading carries high risk, and the listing warns that a user may lose their entire investment.
The build we hold is Polymarket 2.8.8 (APKS split bundle) for Android 12L and up.
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Each share's price is meant to reflect the probability of an outcome. A share priced at $0.67 implies a 67% chance that the event happens. If the outcome occurs, the share settles at $1; if it does not, the share is worth nothing.
Shares can also be sold before the outcome is known. A holder can sell if the price has risen, which is how a position can close with a return that is not tied to the final result. The listing also says a user who thinks the current price is wrong can buy the side they believe is underpriced.
The app lets users get in and out of a position quickly, including while an event is in progress. The listing describes this as trading in-game, with no fixed limits and no bookmaker taking the other side of the bet.
The listing compares its payouts with those of sportsbooks, and it describes the choice of markets as covering sports, geopolitics, elections, news, tech, culture and more. Users pick the topic they have knowledge of and trade on that.
The listing says Polymarket is a CFTC-regulated derivatives exchange in the United States. It describes the app as a software provider and affiliate of Polymarket US and Polymarket Clearing, the entity that runs that exchange and clears its trades.
On the security side, the listing mentions bank-grade security and encryption. It also says live customer support is available around the clock, 24 hours a day, seven days a week. The listing states that Polymarket has more than 30 million users and that more than $27 billion has been traded on the platform globally.