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Christian Stringer - Covers
Written by: Christian Stringer, Betting Editor Fact checked by: Brandon DuBreuil, Head of Covers
Last Updated Sep 11, 2025, 8:03 AM ET
Fact Checked
Brandon DuBreuil has ensured that facts presented were obtained from reliable sources and are accurate.

Editor's note (September 13, 2025): While we wait for Polymarket to go live, we recommend checking out the Kalshi promo code offer.

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    Polymarket promo code summary for this week

    💰 Polymarket sign-up bonus Coming soon
    ⏩ Polymarket promo code N/A
    ⭐ Top feature Trade real-world events instantly
    💲 Minimum deposit N/A
    🌎 Eligible states (expected) All 50 states + DC 
    📈 Eligible trading markets  Sports, politics, pop culture, tech, crypto, breaking news
    🎂 Legal age  18+
    📱 Polymarket mobile app iOS & Android
    🕒 Offer expiry N/A
    ✅ Last verified Sept. 13, 2025

    Polymarket promo code terms and conditions

    Since Polymarket doesn’t have a welcome bonus available in September 2025, there’s nothing for new users to claim just yet. When a promo does launch, here are the kinds of terms and conditions you can typically expect:

    Covers hit icon  Eligibility: The offer will only be open to new users who meet the legal age requirement and live in a jurisdiction where Polymarket is authorized to operate.

    Covers hit icon Promo codes: You may need to enter a Covers-exclusive Polymarket promo code during registration in order to unlock the bonus.

    Covers hit icon Minimum deposits: Most welcome offers require a minimum initial deposit, usually between $5 and $30, to qualify.

    Covers hit icon Qualifying wagers: You’ll likely need to place a real-money trade or bet before bonus funds are credited to your account.

    Covers hit icon Wagering requirements: Bonuses almost always come with a playthrough requirement. For example, if there’s a 1x requirement, you’ll need to wager the full bonus amount once before you can withdraw any winnings.

    Covers hit icon Market restrictions: Some offers only apply to specific markets or events, so reviewing the terms carefully will help you get the most out of the bonus.

    Covers hit icon Expiry dates: Bonus funds typically must be used within a set timeframe, often seven to 30 days, before they expire and are removed from your account.

    Best Polymarket bonus offers for new users

    As of now, there isn’t a welcome bonus for new players at Polymarket. I'll post the official Polymarket promo code as soon as it goes live.

    Covers Expert Analysis
    "While Polymarket isn't allowing deposits in the U.S. just yet, interested users can register now in every state to view live prediction markets and get familiar with the platform and its potential bonuses."

    Christian Stringer, Sports Betting Editor

    Trending on Polymarket

    Polymarket always showcases the prediction markets that are generating the most interest with its users, whether it be sports, politics, or popular culture.

    Polymarket trending prediction markets


    Polymarket Breaking News

    Follow along with markets as they emerge, based on real-time events. The 'breaking news' tab will showcase all the hot prediction offerings for the day.

    Polymarket breaking news prediction markets

    Is Polymarket legal?

    Yes, Polymarket is legal and preparing to return to the U.S. market after beting fined and barred in 2022 for operating without registration. In 2025, it acquired QCEX, a Comoddity Futures Trading Commission (CFTC) licensed derivatives exchange and clearinghouse, gaining a legal framework for operating under federal oversight.

    No official launch date has been announced yet, but Polymarket is expected to re-enter the market soon. Once active, it will be excluded from the licensing requirements that apply to online sports betting apps and social or sweepstakes casinos.

    • Regulatory compliance: Polymarket is a Designated Contract Market (DCM) and is therefore regulated by the Commodity Futures Trading Commission (CFTC), which has authority over federal trading laws.
    • Auditing and security: Polymarket holds SOC 2 Type II compliance and uses SSL encryption, ensuring your data is handled and protected securely.
    Covers Expert Analysis
    "Prediction markets have caused a massive shockwave throughout the sports betting industry, and Polymarket has taken the necessary steps to ensure it will be able to operate in the U.S. while staying compliant due the reasons above."

    Christian Stringer, Sports Betting Editor

    What is Polymarket?

    Polymarket is a decentralized prediction exchange where real-world events are turned into tradable markets. In short, it allows you to invest in future predictions and turn a profit if you are correct.

    Instead of betting against a bookmaker, users trade shares that represent whether an outcome will happen or not. As users buy and sell, the prices of the contracts change, reflecting what the general public perceives as the likelihood of each outcome.

    Topics cover a wide range from politics to tech, culture, sport, and more. Traders must decide when to enter or exit positions, assessing the odds based on the current market climate and general research.

    How do you claim the Polymarket promo code?

    Signing up for Polymarket is a quick and easy process. Even though you can’t deposit or trade yet, you can still create an account.

    Here’s a step-by-step guide for when Polymarket launches in the U.S.:

    1

    Register

    To get started, visit the Polymarket website or app and click the 'Sign Up' button. You can register using a Google account or any other email address. A verification email will be sent to you with a code to enter on the platform. You can also register by linking your crypto wallet, including Trust Wallet, Phantom, MetaMask, and more.

    You'll need to enter provide personal information to complete the registration process, such as your date of birth, phone number, email address, and location.

    2

    Deposit funds

    The next step is to add funds to start trading, which is coming soon for U.S. users.

    When Polymarket launches, you’ll need to click the deposit button, select your payment method, and confirm the payment.

    3

    Start trading

    Next, you will be able to start trading event contracts on sports, politics, world news, pop culture, and more.

    Choose whichever event you prefer, select your outcome, add the amount you want to trade, and confirm the transaction. Your options include 'Who will win the Super Bowl in 2025-26?' or 'Who will be the next President of the United States?' You can monitor the event and 'cash out' at any time, or you can wait for it to be resolved. 

    4

    Withdraw winnings

    Simply click 'Portfolio', select 'Withdraw', select your preferred withdrawal method in crypto, specify the amount you wish to withdraw, and confirm your request with your wallet address.

    Polymarket platform review

    Polymarket Logo

    Legal sports trading in all 50 states

    Coming soon

    Covers verdict

    Polymarket promotes itself as “the world’s largest prediction market”, allowing players around the world to trade positions on all kinds of things using crypto. Although not yet available, U.S. users will quickly take to Polymarket's simple concept: every market is centered around a yes-or-no question tied to a real-world event. Its platform is built on Polygon, and transactions are processed using USDC without any trading fees. It’s worth noting that Polymarket is not currently available in the U.S., but plans to launch soon.

    Profile iconWho it's for

    Polymarket is designed for individuals who wish to trade on real-world events. Its user base includes traders, crypto users, and analysts. But it also appeals to those who closely follow sports, politics, economics, global affairs, and cultural events. Trending topics are converted into simple tradable contracts, making them accessible to anyone interested in trading, particularly those focused on current events.

    Covers BetSmart Rating icon Covers BetSmart Rating: ⭐ 4.2/5
    Banking and payout speed ⭐ 4.1/5
    Key features ⭐ 4.2/5
    Security and trust ⭐ 4.5/5
    Customer support ⭐ 4.4/5
    User experience ⭐ 4.0/5
    Betting odds ⭐ 4.0/5
    Blue thumbs up icon User reviews  
    Editor's note: User reviews may be edited for clarity. 

    "Great interface, easy to use, and updates cleanly and quickly, which is perfect for making sure you don't miss any action. I have had no issues depositing or withdrawing, with both functions occurring without any issues within 2 minutes. Like most information markets, make sure you read the terms and truly understand what information will be used to resolve bets, and how the resolution system works"

    - Daniel, Trustpilot user

    "I've been using the site for just under 3 years, and I love it. Never had an issue depositing, withdrawing, or trading the markets. Market resolution has been fairly consistent over the years, and I always feel safe trading the markets."

    - Paul Miele, Trustpilot user


    mobile phone icon Polymarket key features

    Polymarket is brimming with neat features. Here are some of my personal favorites:

    live betting icon Yes/No Events Contracts

    Every market is based around a simple yes-or-no question, making it easy to trade regardless of your level of experience.

    live betting icon Real-Time Pricing

    Prices fluctuate based on supply and demand, reflecting live market activity as traders react to developments in news and events.

    live betting icon No Trading Fees

    Polymarket doesn’t charge any trading fees, unlike other platforms.

    Betting bankroll icon Liquidity Rewards Program

    Users can earn a daily reward by placing trades that help maintain market liquidity.

    Dashboard icon Polymarket Dashboard

    Customize your Dashboard to follow along with key markets that you're monitoring

    Polymarket Dashboard for MLB


    Polymarket at a glance

    💰 Sign-up bonus Coming soon
    ⏩ Polymarket bonus code N/A
    🏅 Top feature Trade real-world events instantly
    💵 Minimum deposit N/A
    🕒 Payout speed Within 24 hours
    Apple icon App Store rating 4.8/5 ⭐ (28.2K reviews)
    Google Play Store icon Google Play rating 3.4/5 ⭐ (5.5K reviews)
    🌎 Available states (expected) All 50 states + DC
    🕒 Offer expiry N/A
    ✅ Last verified Sept. 13, 2025

    What we like

    Covers hit icon
    Global reputation: Polymarket is one of the most popular prediction platforms worldwide, boasting an international user base and a reputation for event-based trading.
    Covers hit icon
    Simple and easy-to-use: The interface is clean and simple, making it intuitive to take part in contracts, deposit, and explore markets. The platform offers simple trading, allowing users to choose between two outcomes, making it easier to understand and navigate.  
    Covers hit icon
    Crypto platform: Polymarket runs on the Polygon network, a proof-of-stake chain connected to Ethereum. All transactions are handled in USD Coin (USDC), a stablecoin that mirrors the value of the US dollar.

    What we don't like

    Covers miss icon
    Not yet available in the U.S.: It is yet to re-enter the US market, so it can’t be accessed right now.
    Covers miss icon
    Subjective resolution risk: Some contacts are based on how outcomes are interpreted, which has led to disputes from users.

    Coming soon

    Polymarket app review

    Polymarket can be accessed via the Polymarket mobile app or through a browser. Either way, it is straightforward, smooth, and convenient for event trading.

    The experience is largely the same, but using the app was easier and quicker during our testing. You can enable push notifications, check price changes, and manage positions. It’s a more practical choice for an active trader than using a desktop.

    The Polymarket mobile app makes it easy to trade on real-world events anytime, with a clean interface that delivers fast, reliable market updates, and the ability to track and manage positions on the go.

    The Polymarket app was most recently updated to Version 1.1.13 on July 2, 2025, for bug fixes. Polymarket is forthcoming about the specific data used to track you, including identifiers and usage data.

    Latest betting news

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    Polymarket promo comparison

    Kalshi logo
    Kalshi
    ProphetX logo
    ProphetX
     Novig logo
    Novig
    Welcome bonus $10 Bonus Up to 200 in Prophet Cash Up to $100 Bonus & five Novig Cash
    Promo code COVERS COVERS1 COVERS100
    Bonus type  Trade and get  Play and get No deposit offer
    Bonus form One (1) $10 bonus 2% bonus back on every play for 30 days 10% up to $100 & five Novig Cash
    Payout speed Within 24 hours Within 24 hours Within 24 hours
    Min. deposit $1 $10 $5
    Covers BetSmart Bonus Rating ⭐ 4.2/5  ⭐ 4/5 ⭐ 4.6/5

    What markets can you trade on Polymarket?

    Polymarket offers markets on a wide range of real-world events. It extends beyond sports to encompass trendings news, politics, cryptocurrency, geopolitics, technology, culture, global events, and more. 

    Sports event trading is available for all major sports and leagues, including basketball (NBA), football (NFL, NCAAF), baseball (MLB), hockey (NHL), F1, tennis, soccer, and golf. There are plenty of niche and international sports available, and there are consistent additions of new betting markets.

    Polymarket NFL prediction markets


    Polymarket betting markets 

    Outside of sports, politics is amongst the markets with the most handle, especially in the lead up to U.S. presidential races. Other options include:

    Polymarket culture prediction markets

    Covers hit icon Culture (celebrities music, movies, awards shows like the Oscars, review ratings, TV, video games)

    Example: What will be the highest-grossing movie of 2026?

    Covers hit icon Crypto (Bitcoin, Dogecoin, hourly values, Ethereum)

    Example: Will Bitcoin be above $120,000 on a certain date?

    Covers hit icon Climate (temperature, climate change, natural disasters)

    Covers hit icon Economics (interest rates, inflation, employment, consumer spending, energy)

    Example: Will there be a U.S. recession in 2025? What will be the fed. decision in September?

    Covers hit icon Companies (Elon Musk, CEOs, layoffs, product launches)

    Covers hit icon Business Financials (NASDAQ, currency, treasuries)

    Covers hit icon Tech & Science (AI, space, energy, papers)

    Example: What will be the largest company at the end of the month?

    Covers hit icon Health (disease spread, COVID)

    Covers hit icon World (foreign economies, international politics)

    Example: Will Putin meet with Zelenskyy by September 30? Will there be a ceasefire between Russia and Ukraine in 2025?


    Polymarket live event trading

    Prices on Polymarket fluctuate constantly because traders set them and adjust accordingly. As soon as new information becomes available, how traders react to the news, whether they buy or sell more positions, adjust the contracts to reflect the shift.. This creates a live market where users don't have to wait until the event is officially resolved to profit. They can enter a position early and exit if the price moves in their favor.

    Polymarket election live betting

    Strategies for profitable trading on Polymarket

    When you start trading on Polymarket, it helps to have a strategy. These tips can help you make more informed decisions and minimize potential risks.

    monthly calendar Analyze data

    Follow the news and check reliable sources before committing to a side. The more information you have on an event, the better your chance in the market. Avoid investing blindly in trades you find interesting, but don’t have any expertise in.

    sports Diversify your trades

    Don’t commit your entire balance to just one question. Spreading across multiple categories helps protect you if one doesn’t go your way.

    betting odds Manage your exposure

    Begin with smaller amounts until you’re confident in your approach. If a trade starts to move against you, exiting early can prevent more losses rather than hoping it changes at the last minute.

    Cash Monitor liquidity

    Check how many buyers and sellers are active in the market. High-liquidity contracts are easier to trade fairly, while lower ones can make it harder to get in or out at a price you want.

    lock Stay disciplined and avoid emotional decisions

    Steer clear of trading during extreme volatility, and don’t let emotions like fear or excitement influence your moves. Base decisions on research and data, avoid chasing losses, and stick to a consistent, disciplined strategy.

    Polymarket promo code for existing customers

    Polymarket doesn’t offer many promotions for existing players, but it does have a leaderboard. This feature ranks the top trades on the platform over a day, week, month, and all-time. It shows the users who are the most active and successful.

    Polymarket Leaderboard

    There is currently no program that mirrors a sportsbook referral bonus; however, there is an affiliate-like program, but it's distinct from a user referral or sign-up bonus, and targeted at those promoting Polymarket.

    Through the Dub-powered affiliate platform, partners can earn $0.01 per click, and $10 when someone referred by you makes their first deposit via your referral link

    Polymarket rewards and VIP perks

    Polymarket doesn’t have a standard VIP or loyalty program, but it does offer Liquidity Rewards. This pays users for placing helpful trades that keep markets liquid and balanced. Rewards are calculated daily. The closer your trades are to the market’s average price, the more you earn.

    Polymarket NFL Daily Rewards

    Polymarket trading odds and fees

    Polymarket displays odds through market prices, which are determined by Polymarket users in turn.

    Each contract has two sides, ‘Yes’ and ‘No,’ and prices are set by traders through bids, rather than the platform itself. From there, prices fluctuate in response to supply and demand.

    The displayed probability is normally the midpoint of the best bid and ask in the order book. For example, if 'Yes' is bid at $0.34 and asked at $0.40, the displayed price is about 37%. Liquidity and activity levels also affect the spreads, which in turn influence the accuracy of the shown odds.

    When the market closes, winning shares pay out at $1 each, while losing shares are worthless. Polymarket doesn’t include any margin in the prices as a sportsbook would, and it doesn’t charge any trading fees, unlike other prediction platforms.

    Polymarket customer service

    Customer support at Polymarket can be reached through a live chat, its Discord server, or email.

    With live chat, you are first connected with the AI chatbot, which can answer the most common queries or direct you to the detailed help centre. If this doesn’t answer your question, you can request to speak with an agent.

    The live chat is available 24/7 via the blue chat icon, and it doesn’t take long before you’re connected to a representative. There is also a Discord server where you can open a ticket to initiate a private conversation with our support team.

    💬 Live chat: 24/7

    📧 Email: hello@polymarket.com

    ☎️ Phone: N/A

    🌎 Support language(s): English

    📱 X (Twitter): @PolymarketHQ

    Polymarket payment methods

    Currently, Polymarket allows you to add funds to your account via USDC or Moonpay. USDC is used because it is a stablecoin that mirrors the value of the US dollar. You can deposit from various blockchains (USDT, DAI, ETH, WETH, MATIC, POL, SOL, CBBTC, ARB), but the funds will be converted into USDC.

    Polymarket's deposit and withdrawal options are extremely limited, excluding cryptocurrency, and do not include popular providers such as Venmo, Apple Pay, and PayPal. To deposit with crypto, copy and paste the address found in the deposit section into your wallet to send funds.

    Moonpay is also available, allowing you to buy USDC directly on the platform using Visa, Mastercard, or a bank account. It remains to be seen whether any new payment methods will be made available once Polymarket launches in the U.S.

    Method🏦 Deposit💰 Withdrawal💸
    bank transfer icon Crypto (USDC) ✅ ✅
    visa icon Visa (via Moonpay) ✅ ✅
    Mastercard icon Mastercard (via Moonpay) ✅ ✅
    bank transfer icon Bank transfer (via Moonpay) ✅ ✅

    How does Polymarket compare to traditional sports betting?

    Prediction markets are akin to financial exchanges, where users trade contracts that fluctuate in price based on the public's perception of the likelihood of an event occurring. Whereas sports betting is a wager placed against odds created by a sportsbook. Once the bet is locked in, both the stake and odds are fixed, and you’re betting directly against the house.

    In the U.S., this is considered gambling and regulated by each state. However, prediction markets are subject to federal oversight because they are regulated as exchanges rather than gambling. You'll find many similarities between Polymarket and a traditional sportsbook, along with a bunch of 'big-picture' betting opportunities.

    Polymarket NBA prediction markets

    Polymarket trading limits and liquidity

    Polymarket doesn’t have a maximum limit for contracts. You can technically trade as much as you want, as the platform is designed to match buyers and sellers at any price.

    The real limit comes with liquidity, which refers to the number of people willing to buy or sell at a given price. In a busy market, you can usually place larger trades without moving the price too much. But in a less active market with fewer offers, even a small trade can significantly change the odds. That’s why it’s important to check the order book first.

    Recent Polymarket updates

    Be sure to follow along to stay up-to-date with the latest Polymarket updates and news.

    Sept. 3, 2025: Polymarket receives official approval from the CFTC, signaling a return of its event trading platform in 50 states.

    Aug. 26, 2025: A Polymarket trader won $50,000 for betting on the engagement of Taylor Swift and Travis Kelce.

    Aug. 26, 2025: Polymarket adds Donald Trump Jr. to its advisory board.

    July 23, 2025: Polymarket CEO shrugs off sports betting as a threat as prediction market competition looms.

    July 21, 2025: Polymarket acquires CFTC-licensed QCEX for $112 million, opening the door for a relaunch of its event trading platform in the U.S.

    June 25, 2025: Polymarket nears a $1 billion market valuation with a new $200 million round of funding. 

    June 6, 2025: Polymarket and X (Twitter) announce a prediction market partnership.

    Nov. 5, 2024: The 2024 US presidential election is the most active market on the Polymarket platform to date, generating over $3 billion in trades.

    Jan. 3, 2022: Polymarket is fined by the CFTC for operating without proper registration.

    Additional predictive market platform promos

    Are you looking for Polymarket alternatives? Check out some of these other prediction markets and event contract exchanges:

    • PredictIt: Offers a $20 bonus with a $20 deposit for new users.
    • Robinhood: Issues new users up to a $200 Robinhood promo code bonus today.
    • Sporttrade: Claim up to a $100 bonus without a Sporttrade promo code.
    • Railbird: Expected to launch soon. Check out our Railbird promo code for further details.

    Traditional sportsbook promo codes and bonuses

    BetMGM logo
    Best BetMGM Bonus
    Learn about the top welcome bonus at BetMGM in 2025.
    BetMGM Bonus Code
    DraftKings logo
    Best DraftKings Bonus
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    DraftKings Promo Code
    FanDuel logo
    Best FanDuel Bonus
    Read about the best available FanDuel welcome promo.
    FanDuel Promo Code

    Polymarket promo code FAQ

    You can currently register with no Polymarket promo code necessary.

    There isn’t one available, but as soon as one becomes available, we’ll add it to this page.

    We will be sure to post the terms and conditions for Polymarket bonuses as soon as they become available.

    Yes, Polymarket is legal as it just received approval to launch in the U.S. The official launch date has not yet been announced.

    There aren’t many promotions at Polymarket, but it does have a Liquidity Rewards Program, where you can earn extra rewards.

    Polymarket offers a diverse range of event topics, including sports, breaking news, politics, cryptocurrency, geopolitics, technology, culture, global events, and more.

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    Christian Stringer - Covers
    Christian Stringer
    Betting Editor

    A seasoned Editor at Covers, specializing in the North American sports betting and iGaming industries. Since joining in 2022, Christian has played a key role in managing, editing, and publishing commercial content that informs and engages bettors of all levels, with a particular focus on Stake, bet365, BetMGM, and Fanatics.

    Having personally reviewed over 35 sportsbooks and DFS sites, Christian brings a sharp, user-focused perspective to the betting landscape, committed to delivering insightful, high-quality content. Outside of work, he serves on the board of an amateur athletics club, championing community engagement through sport.

    Table of contents
    • Polymarket promo code terms and conditions
    • Best Polymarket bonus offers
    • Is Polymarket legal?
    • What is Polymarket?
    • How to claim
    • Polymarket platform review
    • Polymarket app review
    • Markets you can trade with Polymarket
    • Recent Polymarket updates
    • Polymarket promo code FAQ
    • Pages related to this topic
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