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What is Polymarket (POLM)?

Polymarket basic info

Name:Polymarket
Ticker:
Introduction:

What Is Polymarket?

Polymarket is the world's largest decentralized prediction market platform. It allows users to speculate on real-world events using cryptocurrency. Built on the Ethereum and Polygon blockchain networks, Polymarket provides a transparent, secure platform where users can buy and sell shares that represent the probability of a particular outcome. Polymarket covers a wide range of events, from political elections to sports outcomes and economic forecasts.

The key feature of Polymarket is its use of blockchain technology to ensure transparency and immutability in all transactions. By using stablecoins like USDC for trading, the platform minimizes volatility in transaction values, providing more stability than other cryptocurrency-based platforms. Polymarket’s decentralized nature allows anyone to participate in the prediction markets, making it accessible to users globally.

Who Founded Polymarket?

Polymarket was founded by Shayne Coplan in 2020. Coplan, a young entrepreneur, launched Polymarket to revolutionize prediction markets by leveraging blockchain technology. Under his leadership, Polymarket quickly grew to become the largest decentralized prediction market in the world, securing major investments from prominent figures in the cryptocurrency and venture capital sectors.

Polymarket has raised significant funding across multiple rounds, with backing from venture capital firms like Peter Thiel’s Founders Fund and contributions from high-profile investors such as Ethereum co-founder Vitalik Buterin. Despite facing regulatory challenges, the platform has continued to thrive and expand, especially during globally significant events like the U.S. Presidential elections.

How Polymarket Works

Polymarket operates on a simple principle: users bet on the outcomes of future events by purchasing shares that represent the market’s view of the probability of that outcome. Shares are priced between $0.00 and $1.00, with the price reflecting the event's likelihood. For instance, if the price of a "Yes" share for an election result is $0.72, it means the market assigns a 72% chance to that outcome. If the event resolves in favor of the chosen outcome, each share becomes worth $1.00, providing a profit for the correct prediction. Conversely, incorrect predictions result in the shares becoming worthless.

Polymarket offers different types of prediction markets, including:

  • Binary Markets: Simple yes/no outcomes, such as “Will Candidate X win the election?”

  • Categorical Markets: Multiple outcomes, such as “Which team will win the championship?”

  • Scalar Markets: Markets based on ranges, like “Will the stock price exceed $100 by the end of the year?”

How to Get Started with Polymarket

  1. Sign Up: Create an account using your email or a supported crypto wallet. Ensure you're connected to the Polygon network.

  2. Deposit Funds: Buy USDC on a major exchange and deposit it into your Polymarket account. You can also use a credit card for deposits.

  3. Choose a Market: Explore available markets and select an event to bet on.

  4. Place a Bet: Buy shares based on your prediction of the outcome. You can sell these shares anytime before the market closes.

  5. Withdraw: Cash out your USDC by withdrawing it to your crypto wallet.

This quick process enables new users to start trading and participating in prediction markets easily on Polymarket.




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POLM supply and tokenomics

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Max supply:0 POLM
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What is the development prospect and future value of POLM?

The market value of POLM currently stands at --, and its market ranking is #999999. The value of POLM is not widely recognized by the market. When the bull market comes, the market value of POLM may have great growth potential.

As a new type of currency with innovative technology and unique use cases, POLM has broad market potential and significant room for development. The distinctiveness and appeal of POLM may attract the interest of specific groups, thereby driving up its market value.

What will the price of POLM be in 2025?
Based on POLM's historical price performance prediction model, the price of POLM is projected to reach $0.00 in 2025.
What will the price of POLM be in 2030?
In 2030, the POLM price is expected to change by +9.00%. By the end of 2030, the POLM price is projected to reach $0.00, with a cumulative ROI of 0.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of POLM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is POLM worth investing or holding? How to buy POLM from a crypto exchange?

If you want to buy POLM, the following information may be helpful for your investment decisions:
In the last 7 days, the price of POLM has fallen by undefined%, leading to negative returns for most POLM investors. The market is currently pessimistic about the price trend of POLM.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether POLM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in POLM or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of POLM, if you want to buy or sell POLM, you can consider Bitget for your trading needs. The best place to buy POLM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Polymarket has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Polymarket. Here's a step-by-step guide on how to buy Polymarket on Bitget.

How to get Polymarket through other methods?

Using cash to buy Polymarket is not the only way to obtain Polymarket. If you have the time to spare, you can get Polymarket for free.
Learn how to earn Polymarket for free through the Learn2Earn promotion.
Earn free Polymarket by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Polymarket airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Polymarket through Bitget Convert, Bitget Swap, or spot trading.

What is Polymarket used for and how to use Polymarket?

The use case of Polymarket may expand as the crypto market and the project itself develop. Currently, you can use POLM to achieve the following goals:
Arbitrage by trading POLM: Since POLM is a frequently traded cryptocurrency, the price of POLM is always fluctuating. Earn more POLM by buying low and selling high on the exchange. Bitget spot market provides a variety of POLM trading pairs to fully meet your needs.
Earn by staking POLM: You can also generate income through financial management methods such as staking POLM or lending POLM. Bitget Earn offers a variety of financial products designed to help you earn more income from your POLM.
Send or pay POLM: If you want to give POLM to your friends, a charity, or a fundraiser, or you want to pay someone with POLM, you can quickly and easily send POLM to the recipient through their payment address.
You can also go to the official website of the Polymarket project to learn more about the use cases of POLM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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