Polymarket is a unique trading platform on the Polygon blockchain where users can predict future events.
What is Polymarket
Here’s how it works:
- Trading on Future Events: Users guess the outcome of future events. If they think something will happen, they buy shares for that outcome.
- Outcome Shares: These are like bets. If you're right about an event, each share is worth $1. If wrong, it's worthless.
- Easy to Join: Users can join using wallets like Metamask or centralized exchanges.
- Flexibility: Users can leave a trade anytime, whether to cut losses or take profits.
- Goal: Polymarket aims to gather people's opinions on future events, acting like a collective crystal ball. It's a way to see what people think will happen in the future.
In summary, Polymarket is like a mix of trading and guessing games, but based on real future events. It's a way to see how people view the likelihood of important events happening.
Team of Polymarket
Shayne Coplan
Founder
Coplan was born and raised in New York City in the Upper West Side. Coplan has always been interested in Technology and learned to program when he was 14. He graduated from The Beacon School, a selective college-preparatory public high school. In the summer of 2015, Coplan interned at Genius where he helped construct their lyric app on Spotify. Coplan first got into crypto in 2013 mining Litecoin with a homemade miner. He discovered Ethereum in 2014 when he was 15 and participated in the presale July of that year.
Funding of Polymarket
$45,000,000
Series B
Led by Founders Fund. Other investors include DragonFly Capital, Vitalik Buterin, ParaFi Capital, 1confirmation.
$25,000,000
Series A
Led by General Catalyst.
$4,000,000
Seed Round
Led by Polychain Capital. Other investors include Balaji Srinicasna, ParaFi Capital, 1confimrantion, Stani Kulechov, Naval Ravikant, Kain Warwick, Robert Leshner, Marc Bhargava, Meltem Demirors, Calvin Liu, Tarun Chitra, Josh Hannah.
Polymarket review
Pros
Pioneering Concept
Polymarket stands out as an innovator in the cryptocurrency sphere, introducing a unique predictions market based on blockchain technology.
Proven Robustness
With nearly 1 million monthly visitors, Polymarket has demonstrated its capability to operate smoothly under heavy user traffic.
Cons
Restricted Access
Polymarket faces limitations in global accessibility, with notable geoblocking in several countries, including the USA.
Opportunities
AirdropMainnet
Minimal cost: ~20 USD
Polymarket
Place your bets on Polymarket and get a possibility for an airdrop!