PolymarketDocumentation/docs/polymarket-learn/get-started/what-is-polymarket.md

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14.2234 15.5265L19.0981 20.4013C19.5961 20.8992 20.4033 20.8992 20.9013 20.4013C21.3992 19.9033 21.3992 19.0961 20.9013 18.5981L16.0264 13.7233C17.0625 12.3176 17.6749 10.5804 17.6749 8.7001C17.6749 4.01948 13.8805 0.225098 9.19985 0.225098Z"></path></svg></div></div></div></form></div></div></section></div></div></header><div class="z-1 flex shrink-0 grow basis-auto justify-center px-5 sm:px-10"><section data-testid="main-content" id="main-content" class="max-w-full w-240"><section data-testid="article-section" class="section section__article"><div class="justify-between flex"><div class="relative z-3 w-full lg:max-w-160 "><div class="flex pb-6 max-md:pb-2 lg:max-w-160"><div tabindex="-1" class="focus:outline-none"><nav class="pb-4 text-base" aria-label="Breadcrumb"><ol class="m-0 flex list-none flex-wrap items-baseline p-0"><li class="contents"><a href="/en/" class="pr-2 text-body-primary-color no-underline hover:text-body-secondary-color">All Collections</a><div class="pr-2" aria-hidden="true"><svg width="6" height="10" viewBox="0 0 6 10" class="block h-2 w-2 fill-body-secondary-color rtl:rotate-180" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.648862 0.898862C0.316916 1.23081 0.316916 1.769 0.648862 2.10094L3.54782 4.9999L0.648862 7.89886C0.316916 8.23081 0.316917 8.769 0.648862 9.10094C0.980808 9.43289 1.519 9.43289 1.85094 9.10094L5.35094 5.60094C5.68289 5.269 5.68289 4.73081 5.35094 4.39886L1.85094 0.898862C1.519 0.566916 0.980807 0.566916 0.648862 0.898862Z"></path></svg></div></li><li class="contents"><a href="https://help.polymarket.com/en/collections/17859237-getting-started" class="pr-2 text-body-primary-color no-underline hover:text-body-secondary-color" data-testid="breadcrumb-0">Getting Started</a><div class="pr-2" aria-hidden="true"><svg width="6" height="10" viewBox="0 0 6 10" class="block h-2 w-2 fill-body-secondary-color rtl:rotate-180" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.648862 0.898862C0.316916 1.23081 0.316916 1.769 0.648862 2.10094L3.54782 4.9999L0.648862 7.89886C0.316916 8.23081 0.316917 8.769 0.648862 9.10094C0.980808 9.43289 1.519 9.43289 1.85094 9.10094L5.35094 5.60094C5.68289 5.269 5.68289 4.73081 5.35094 4.39886L1.85094 0.898862C1.519 0.566916 0.980807 0.566916 0.648862 0.898862Z"></path></svg></div></li><li aria-current="page" class="text-body-secondary-color">What is Polymarket</li></ol></nav></div></div><div class=""><div class="article intercom-force-break"><div class="mb-10 max-lg:mb-6"><div class="flex flex-col gap-4"><div class="flex flex-col"><h1 class="mb-1 font-primary text-2xl font-bold leading-10 text-body-primary-color">What is Polymarket</h1><div class="text-md font-normal leading-normal text-body-secondary-color"><p>Polymarket is the world’s largest prediction market, allowing you to stay informed and profit from your knowledge by betting on future events across various topics.</p></div></div><div class="avatar"><div class="avatar__info -mt-0.5 text-base"><span class="text-body-secondary-color"> <time dateTime="2026-05-02T10:13:43Z" title="May 2, 2026">Updated over 3 weeks ago</time></span></div></div></div></div><div class="jsx-4bed0c08ce36899e flex-col"><div class="jsx-4bed0c08ce36899e mb-7 ml-0 text-md max-messenger:mb-6 lg:hidden"><div class="jsx-27f84a20f81f6ce9 table-of-contents max-h-[calc(100vh-96px)] overflow-y-auto rounded-2xl text-body-primary-color hover:text-primary max-lg:border max-lg:border-solid max-lg:border-body-border max-lg:shadow-solid-1"><div data-testid="toc-dropdown" class="jsx-27f84a20f81f6ce9 hidden cursor-pointer justify-between border-b max-lg:flex max-lg:flex-row max-lg:border-x-0 max-lg:border-t-0 max-lg:border-solid max-lg:border-b-body-border border-b-0"><div class="jsx-27f84a20f81f6ce9 my-2 max-lg:pl-4">Table of contents</div><div class="jsx-27f84a20f81f6ce9 "><svg class="ml-2 mr-4 mt-3 transition-transform" transform="" width="16" height="16" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M3.93353 5.93451C4.24595 5.62209 4.75248 5.62209 5.0649 5.93451L7.99922 8.86882L10.9335 5.93451C11.246 5.62209 11.7525 5.62209 12.0649 5.93451C12.3773 6.24693 12.3773 6.75346 12.0649 7.06588L8.5649 10.5659C8.25249 10.8783 7.74595 10.8783 7.43353 10.5659L3.93353 7.06588C3.62111 6.75346 3.62111 6.24693 3.93353 5.93451Z" fill="currentColor"></path></svg></div></div><div data-testid="toc-body" class="jsx-27f84a20f81f6ce9 hidden my-2"><section data-testid="toc-section-0" class="jsx-27f84a20f81f6ce9 flex border-y-0 border-e-0 border-s-2 border-solid py-1.5 max-lg:border-none border-body-toc-active-border px-7"><a id="#h_0682c1b7c9" href="#h_0682c1b7c9" data-testid="toc-link-0" class="jsx-27f84a20f81f6ce9 w-full no-underline hover:text-body-primary-color max-lg:inline-block max-lg:text-body-primary-color max-lg:hover:text-primary lg:text-base font-toc-active text-body-primary-color"></a></section><section data-testid="toc-section-1" class="jsx-27f84a20f81f6ce9 flex border-y-0 border-e-0 border-s-2 border-solid py-1.5 max-lg:border-none px-7"><a id="#h_a293d1e98e" href="#h_a293d1e98e" data-testid="toc-link-1" class="jsx-27f84a20f81f6ce9 w-full no-underline hover:text-body-primary-color max-lg:inline-block max-lg:text-body-primary-color max-lg:hover:text-primary lg:text-base text-body-toc-inactive-color"></a></section><section data-testid="toc-section-2" class="jsx-27f84a20f81f6ce9 flex border-y-0 border-e-0 border-s-2 border-solid py-1.5 max-lg:border-none px-7"><a id="#h_9d3dffd5a8" href="#h_9d3dffd5a8" data-testid="toc-link-2" class="jsx-27f84a20f81f6ce9 w-full no-underline hover:text-body-primary-color max-lg:inline-block max-lg:text-body-primary-color max-lg:hover:text-primary lg:text-base text-body-toc-inactive-color"></a></section><section data-testid="toc-section-3" class="jsx-27f84a20f81f6ce9 flex border-y-0 border-e-0 border-s-2 border-solid py-1.5 max-lg:border-none px-7"><a id="#h_8eb16d4069" href="#h_8eb16d4069" data-testid="toc-link-3" class="jsx-27f84a20f81f6ce9 w-full no-underline hover:text-body-primary-color max-lg:inline-block max-lg:text-body-primary-color max-lg:hover:text-primary lg:text-base text-body-toc-inactive-color"></a></section></div></div></div><div class="jsx-4bed0c08ce36899e article_body"><article class="jsx-4bed0c08ce36899e "><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Studies show prediction markets are often more accurate than pundits because they combine news, polls, and expert opinions into a single value that represents the market’s view of an event’s odds. Our markets reflect <i>accurate, unbiased, and real-time probabilities</i> for the events that matter most to you. Markets seek truth.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-subheading intercom-interblocks-align-left"><h2 id="h_0682c1b7c9"><b>Quick Overview</b></h2></div><div class="intercom-interblocks-unordered-nested-list"><ul><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>On Polymarket, you can trade on future event outcomes (i.e. “Will TikTok be banned in the U.S. this year?”)</p></div></li><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Shares in event outcomes are between 0.00 and 1.00, and every pair of event outcomes (i.e. each pair of “YES” + “NO” shares) is fully collateralized by $1.00 USDC</p></div></li><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Shares are created when the sum of what each side is willing to pay is equal to $1.00 opposing sides come to an agreement on odds</p></div></li><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>The shares representing the <i>correct, final outcome</i> are paid out $1.00 USDC each upon market resolution</p></div></li><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Unlike sportsbooks, you are not betting against “the house” – the counterparty to each trade is another Polymarket user. As such:</p></div><div class="intercom-interblocks-unordered-nested-list"><ul><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Shares can be sold before the event outcome is known (i.e. to lock in profits or cut losses).</p></div></li><li><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p><i>There is no “house” to ban you for winning too much.</i></p></div></li></ul></div></li></ul></div><div class="intercom-interblocks-subheading intercom-interblocks-align-left"><h2 id="h_a293d1e98e"><b>Understanding Prices</b></h2></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Prices = Probabilities.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p><i>Prices (odds) on Polymarket represent the current probability of an event occurring.</i> For example, in a market predicting whether the Miami Heat will win the 2025 NBA Finals, if YES shares are trading at 18 cents, it indicates a 18% chance of Miami winning.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>These odds are determined by what price other Polymarket users are currently willing to buy &amp; sell those shares at. Just how stock exchanges don’t “set” the prices of stocks, Polymarket does not set prices / odds - they’re a function of supply &amp; demand.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-subheading intercom-interblocks-align-left"><h2 id="h_9d3dffd5a8"><b>Making money on markets</b></h2></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>In the example above, if you believe Miami’s chances of winning are higher than 18%, you would buy “Yes” shares at 18 cents each. If Miami wins, each “Yes” share would be worth $1, resulting in an 82-cent profit per share. Conversely, any trader who owned “No” shares would see their investment become worthless once the game is over.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Since it’s a market, you’re not locked into your trade. You can sell your shares at any time at the current market price. As the news changes, the supply and demand for shares fluctuates, causing the share price to reflect the new odds for the event.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-subheading intercom-interblocks-align-left"><h2 id="h_8eb16d4069"><b>How accurate are Polymarket odds?</b></h2></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>Research shows prediction markets are often more accurate than experts, polls, and pundits. Traders aggregate news, polls, and expert opinions, making informed trades. Their economic incentives ensure market prices adjust to reflect true odds as more knowledgeable participants join.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>This makes prediction markets the best source of real-time event probabilities. People use Polymarket for the most accurate odds, gaining the ability to make informed decisions about the future.</p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p> </p></div><div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left"><p>If you’re an expert on a certain topic, Polymarket is your opportunity to profit from trading based on your knowledge, while improving the market’s accuracy.</p></div><section class="jsx-62724fba150252e0 related_articles my-6"><hr class="jsx-62724fba150252e0 my-6 sm:my-8"/><div class="jsx-62724fba150252e0 mb-3 text-xl font-bold">Related Articles</div><section class="flex flex-col rounded-card border border-solid border-card-border bg-card-bg p-2 sm:p-3"><a class="duration-250 group/article flex flex-row justify-between gap-2 py-2 no-underline transition ease-linear hover:bg-primary-alpha-10 hover:text-primary sm:rounded-card-inner sm:py-3 rounded-card-inner px-3" 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justify-center p-0"><svg class="block h-4 w-4 text-primary ltr:-rotate-90 rtl:rotate-90" fill="currentColor" viewBox="0 0 20 20" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" d="M5.293 7.293a1 1 0 011.414 0L10 10.586l3.293-3.293a1 1 0 111.414 1.414l-4 4a1 1 0 01-1.414 0l-4-4a1 1 0 010-1.414z" clip-rule="evenodd"></path></svg></div></a><a class="duration-250 group/article flex flex-row justify-between gap-2 py-2 no-underline transition ease-linear hover:bg-primary-alpha-10 hover:text-primary sm:rounded-card-inner sm:py-3 rounded-card-inner px-3" href="https://help.polymarket.com/en/articles/13364488-how-are-prices-calculated" data-testid="article-link"><div class="flex flex-col p-0"><span class="m-0 text-md text-body-primary-color group-hover/article:text-primary">How Are Prices Calculated?</span></div><div class="flex shrink-0 flex-col justify-center p-0"><svg class="block h-4 w-4 text-primary ltr:-rotate-90 rtl:rotate-90" fill="currentColor" viewBox="0 0 20 20" 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Our markets reflect \u003ci\u003eaccurate, unbiased, and real-time probabilities\u003c/i\u003e for the events that matter most to you. Markets seek truth.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"subheading","text":"\u003cb\u003eQuick Overview\u003c/b\u003e","idAttribute":"h_0682c1b7c9"},{"type":"unorderedNestedList","text":"- On Polymarket, you can trade on future event outcomes (i.e. “Will TikTok be banned in the U.S. this year?”)\n- Shares in event outcomes are between 0.00 and 1.00, and every pair of event outcomes (i.e. each pair of “YES” + “NO” shares) is fully collateralized by $1.00 USDC\n- Shares are created when the sum of what each side is willing to pay is equal to $1.00 opposing sides come to an agreement on odds\n- The shares representing the \u003ci\u003ecorrect, final outcome\u003c/i\u003e are paid out $1.00 USDC each upon market resolution\n- Unlike sportsbooks, you are not betting against “the house” – the counterparty to each trade is another Polymarket user. As such:\n  - Shares can be sold before the event outcome is known (i.e. to lock in profits or cut losses).\n  - \u003ci\u003eThere is no “house” to ban you for winning too much.\u003c/i\u003e","items":[{"content":[{"type":"paragraph","text":"On Polymarket, you can trade on future event outcomes (i.e. “Will TikTok be banned in the U.S. this year?”)","class":"no-margin"}]},{"content":[{"type":"paragraph","text":"Shares in event outcomes are between 0.00 and 1.00, and every pair of event outcomes (i.e. each pair of “YES” + “NO” shares) is fully collateralized by $1.00 USDC","class":"no-margin"}]},{"content":[{"type":"paragraph","text":"Shares are created when the sum of what each side is willing to pay is equal to $1.00 opposing sides come to an agreement on odds","class":"no-margin"}]},{"content":[{"type":"paragraph","text":"The shares representing the \u003ci\u003ecorrect, final outcome\u003c/i\u003e are paid out $1.00 USDC each upon market resolution","class":"no-margin"}]},{"content":[{"type":"paragraph","text":"Unlike sportsbooks, you are not betting against “the house” – the counterparty to each trade is another Polymarket user. As such:","class":"no-margin"},{"type":"unorderedNestedList","text":"- Shares can be sold before the event outcome is known (i.e. to lock in profits or cut losses).\n- \u003ci\u003eThere is no “house” to ban you for winning too much.\u003c/i\u003e","items":[{"content":[{"type":"paragraph","text":"Shares can be sold before the event outcome is known (i.e. to lock in profits or cut losses).","class":"no-margin"}]},{"content":[{"type":"paragraph","text":"\u003ci\u003eThere is no “house” to ban you for winning too much.\u003c/i\u003e","class":"no-margin"}]}]}]}]},{"type":"subheading","text":"\u003cb\u003eUnderstanding Prices\u003c/b\u003e","idAttribute":"h_a293d1e98e"},{"type":"paragraph","text":"Prices = Probabilities.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"paragraph","text":"\u003ci\u003ePrices (odds) on Polymarket represent the current probability of an event occurring.\u003c/i\u003e For example, in a market predicting whether the Miami Heat will win the 2025 NBA Finals, if YES shares are trading at 18 cents, it indicates a 18% chance of Miami winning.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"paragraph","text":"These odds are determined by what price other Polymarket users are currently willing to buy \u0026amp; sell those shares at. Just how stock exchanges don’t “set” the prices of stocks, Polymarket does not set prices / odds - they’re a function of supply \u0026amp; demand.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"subheading","text":"\u003cb\u003eMaking money on markets\u003c/b\u003e","idAttribute":"h_9d3dffd5a8"},{"type":"paragraph","text":"In the example above, if you believe Miami’s chances of winning are higher than 18%, you would buy “Yes” shares at 18 cents each. If Miami wins, each “Yes” share would be worth $1, resulting in an 82-cent profit per share. Conversely, any trader who owned “No” shares would see their investment become worthless once the game is over.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"paragraph","text":"Since it’s a market, you’re not locked into your trade. You can sell your shares at any time at the current market price. As the news changes, the supply and demand for shares fluctuates, causing the share price to reflect the new odds for the event.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"subheading","text":"\u003cb\u003eHow accurate are Polymarket odds?\u003c/b\u003e","idAttribute":"h_8eb16d4069"},{"type":"paragraph","text":"Research shows prediction markets are often more accurate than experts, polls, and pundits. Traders aggregate news, polls, and expert opinions, making informed trades. Their economic incentives ensure market prices adjust to reflect true odds as more knowledgeable participants join.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"paragraph","text":"This makes prediction markets the best source of real-time event probabilities. People use Polymarket for the most accurate odds, gaining the ability to make informed decisions about the future.","class":"no-margin"},{"type":"paragraph","text":" ","class":"no-margin"},{"type":"paragraph","text":"If you’re an expert on a certain topic, Polymarket is your opportunity to profit from trading based on your knowledge, while improving the market’s accuracy.","class":"no-margin"}],"collectionId":"17859237","description":"Polymarket is the world’s largest prediction market, allowing you to stay informed and profit from your knowledge by betting on future events across various topics.","id":"15263151","lastUpdated":"Updated over 3 weeks ago","lastUpdatedDate":"2026-05-02T10:13:43Z","markdown":null,"relatedArticles":[{"title":"Is Polymarket The House?","url":"https://help.polymarket.com/en/articles/13364264-is-polymarket-the-house"},{"title":"Why Crypto?","url":"https://help.polymarket.com/en/articles/13364268-why-crypto"},{"title":"What is a Prediction 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