Yes, Polymarket is a legitimate platform for prediction markets. Built on the Polygon network, it’s decentralized, using oracles for transparent outcome verification. Users trade with each other directly, which sets it apart from traditional betting sites.

Polymarket was founded by Shayne Coplan, who launched the platform as a decentralized way to let users forecast real-world events. It’s structured as a user-driven prediction market rather than a traditional centralized company.

While Polymarket operates legally in many regions, it’s restricted in the U.S. due to regulatory issues. U.S. residents can view data on the platform but cannot actively participate in predictions.

What is Polymarket polls?

Polymarket polls refer to markets where users can predict outcomes of current events, like elections or pop culture. These “polls” capture public sentiment and are often more accurate than traditional polling methods because users have financial stakes in their predictions.

How does Polymarket make money?

Polymarket generates revenue through small transaction fees on winning trades, and it rewards liquidity providers to keep markets active. These fees support the platform’s operations without a traditional “house” taking direct control.

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