Betting with Polymarket

Betting with Polymarket

By NikhilK | Matic | 29 Oct 2020


Imagine a world where you could make predictions on real-life events, say Betting on if Biden will get Coronavirus before US elections. I know that might sound funny but yes you can trade on such an event. In fact there are tons of other similar events where you can make a prediction on it's outcome. 

Polymarket is one such platform that lets you do so . 

 

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Steps to use Polymarket

1. Sign up using your email and you'll get a magic link on your mail that let's you login.

2. Deposit USDC to your wallet 

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3. Got to Markets tab and chose the market/event you want to bet on.

4. Chose the amount and side you want to bet on, be it favor or against. e.g. in the Below screenshot going long means we're betting on the outcome that Filecoin price will be above $30 on November 17, 2020 and going short means vice versa i.e. it will be below $30.

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4. Chose Buy and you'll have appropriate number of shares. Track the real time performance using Portfolio tab.

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It's as simple as that. The settlement is done over Matic Network, so the end user doesn't have to worry about fees since it's negligible and paid by Polymarket. Also, deposits and withdrawals are free. :D

Sign up today and enjoy the real-world predictions : https://polymarket.com/ 

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