Polymarket review
Fast payouts
Skip the waitlist on mobile
Easy-to-claim welcome bonus
Sign up bonus
Deposit $10, Get $20 Bonus
Claim $20
Deposit $10, Get $20 Bonus
Covers BetSmart Rating:
Banking and payout speed
Key features
Security and trust
Customer support
User experience
Market pricing
Payout Speed:
1-3 days
Deposits & withdrawals
Sign up bonus
Deposit $10, Get $20 Bonus
Why Polymarket?
Fast payouts
Skip the waitlist on mobile
Easy-to-claim welcome bonus
Payout Speed:
1-3 days
Covers BetSmart Rating:
Covers BetSmart Rating:
Deposits & withdrawals
Pros and cons
Users in all states (except Nevada) can use the Polymarket promo code 'COVERS' to claim one of the top prediction market promos of 2026 — a $20 bonus when you make a $10 deposit.
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See http://polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
Polymarket responsible gaming 18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See https://polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.
Polymarket US uses U.S. dollars rather than requiring users to fund their accounts with cryptocurrency. Current funding options include ACH bank transfers, debit and credit cards, and Apple Pay, although available limits and processing times can depend on the payment method and account.
That makes funding the U.S. platform considerably simpler than the international, crypto-based version of Polymarket. You do not need to purchase pUSD, transfer crypto to Polygon, or create a self-custody wallet before funding a Polymarket US account.
| Deposit Method | Fee | Process Time | |
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None (third-party processing fees may apply) | instant | $1 |
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None (third-party processing fees may apply) | instant | $1 |
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FREE | instant | $1 |
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None (third-party processing fees may apply) | instant | $1 |
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None (third-party processing fees may apply) | instant | $1 |
Polymarket US withdrawals do not require pUSD, a self-custody wallet, or a MoonPay account. Deposited funds must fully clear before they can be withdrawn, and withdrawals are returned to the original payment source used to fund the account. If you used more than one funding source, Polymarket US applies a first-in, first-out process based on the order of your deposits. Processing times and eligibility requirements can vary by payment method, so check the withdrawal screen before submitting a request.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
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Free | Within 24 hours | $1 |
Founded in 2020, Polymarket is one of the pioneers of the rapidly growing prediction market platform industry. Although a 2022 legal battle with the Commodity Futures Trading Commission led to it being banned from the U.S. for about 3 years, it returned in 2025 with the CFTC’s blessing. It’s once again considered one of the best prediction market apps around. Here are the key features that make it such a well-respected platform:
Event trading
Polymarket is a peer-to-peer prediction market platform, not a traditional sportsbook, so you won’t be greeted by the usual sports betting odds when you join. Instead, the prices or event contracts on Polymarket are determined organically by traders, with no built-in vig or house edge to favor the house. What you see is a true indication of the market’s confidence in each outcome, and every share you buy is balanced against another user.
Limited trading fees
Polymarket has started charging fees on certain markets, but for the most part, you can buy and sell contracts on the platform without being subjected to large fees. It has also stopped charging fees on some types of events, including geopolitical events, altogether.
Some markets will charge fees, but even when they do, they tend to be on the lower end. Fee rates range from 0.04 to 0.072, depending on the markets, and are plugged into the formula “fee = C × Fee rate × p × (1 - p)” with C standing for the number of shares traded and P referring to the price of these shares.
Hundreds of markets
Polymarket has markets across a wide range of topics, far beyond just sports. If something is making headlines in the news, chances are you’ll find a market related to it at Polymarket. That goes for popular sports events, political elections, awards shows, and much more. Sports markets change all the time, depending on what’s happening. When we checked in early spring, there were dozens of March Madness markets attracting a huge amount of interest. In certain states, such as New Jersey, Polymarket’s markets are limited exclusively to sports, but this isn’t the case in most.
Nationwide access
At least for now, Polymarket is available in every single state in the U.S., including many that don't allow traditional online gambling or sports betting. In states like California and Texas, Polymarket is a legal way for users to make predictions about their favorite franchises and players, just as in more liberal sports-betting states. With Polymarket, you'll find California prediction markets, Texas prediction markets, New York prediction markets, and Florida prediction markets, among others.
That said, it’s worth noting that prediction markets are a dynamic space, with several states considering bans on sites like Polymarket and Kalshi, so we’ll be keeping a close eye on how things progress.
Based on our Polymarket app review, the mobile platform does a good job of streamlining the exchange experience, from funding your account in U.S. dollars to buying and selling event contracts. The app also provides access to Polymarket US markets without requiring users to purchase cryptocurrency or manage pUSD.
New users can enter the Polymarket promo code COVERS when signing up through the app and qualify for a Deposit $10, Get $20 Trading Bonus, subject to the offer requirements.
Polymarket app design
Polymarket smartly doesn’t try to stuff too much information on-screen when designing the app. It results in a clean, attractive app that is easy to navigate for beginners, with more advanced features available if you dig deeper.
Even without any experience using the Polymarket app, we were able to intuitively find the sports markets we were looking for almost instantly, and placing trades is also smooth and logical. The app always loaded quickly for us, and moving between sections never caused lag or glitches.
Polymarket app improvements
While we didn’t encounter any major issues with apps like Polymarket, there were a few areas where we think it falls short compared with using a laptop. These improvements could deliver better experiences to new and existing users alike:
Better onboarding process:It felt like we were dropped into the middle of the Polymarket app without warning after registering for a new account. It would be nice to see the platform onboard new users with a “How To” or “Trading 101” guide to make it even easier for newcomers.
Enhanced analytics tools: Polymarket’s website makes it easier to access data and other analytics tools than its app does, including graphs and stats that track prices over time. We would like Polymarket to find a way to make these tools more readily accessible to app users.
Improved support: Polymarket’s website includes links to its Help Center, social media accounts, and “Contact Us” page, which includes a live chat box. In contrast, we found it harder to locate these services on the app and could only contact the support team via email.
Polymarket iOS rating
Polymarket has earned rave reviews from Apple users. It has a 4.7/5 rating stemming from over 30,000 reviews. The average Polymarket review on the App Store highlights the generous $20 Polymarket welcome bonus and its excellent market selection as positives.
Polymarket Android rating
Somewhat surprisingly, Polymarket has not earned the best reviews from Android users. It has just a 2.4/5 rating with only about 7,000 reviews on the Google Play Store. That said, Polymarket’s low score seems to be based more on the fact that many new users are placed on a waitlist than on the actual user experience.
Polymarket faced legal issues with the CFTC in the early 2020s and was ultimately forced to leave the U.S. as a result. However, it regained the federal agency’s good graces upon its return in 2025 and is now a CFTC-regulated Designated Contract Market (DCM).
Polymarket has also taken additional steps to legitimize its operation and protect both its platform and its users. It allows users to utilize non-custodial wallets, keeping them in complete control of their funds. It also adheres to all required Know Your Customer (KYC) regulations and imposes geographic restrictions on users in countries where its platform isn’t legally permitted.
Customer support is definitely an area Polymarket could improve. It took us too long to receive a response whenever we reached out to support, both via live chat and email. While the platform offers various ways to contact customer service, most require waiting at least a few hours, and sometimes even a few days, for a resolution.
We weren’t impressed with the Polymarket app’s customer service, either. While the website has a live chat, the app invites you to send customer service inquiries via email, which obviously isn’t ideal when you have a pressing problem.
We’re not the only ones with this opinion, either. Polymarket’s customer service has received poor ratings on many review sites. For example, its customer service has a 1.3/5 rating on TrustPilot, with 90% of reviews receiving a 1/5.
- Live chat: Yes, but only on the Polymarket website
- Email: support@polymarket.com
- Phone: N/A
- Supported languages: English
- X (Twitter): @polymarket
- Instagram: @polymarket
- TikTok: @polymarket
- Discord: discord.gg/polymarket
With new prediction market platforms popping up all the time these days, Polymarket is a terrific option for anyone looking for a well-established platform with extensive industry experience. From its extensive selection of markets, advanced trading tools, and data tracking, it’s clear that this platform has sharpened its services over the past six years since its launch.
In particular, Polymarket is perfect for sports fans in states that don’t allow legal sports betting, such as California and Texas. As a crypto-first platform, we also recommend it to more digitally savvy users or anyone with crypto experience. If using crypto is a turn-off for you, you might prefer a more fiat-friendly platform like Kalshi. You can dive more comparisons in our Polymarket vs. Kalshi or Polymarket vs. FanDuel Predicts guides.
Aside from some iffy customer support options, we’re big fans of the Polymarket app, too. If you’re looking for a modern, versatile prediction market that makes it easy to trade using just your phone, Polymarket is a great choice.
Room for Improvement
While we found many positives in our Polymarket review, there are clearly areas where the platform could improve, too. Here are the things that stood out to us:
- Eliminating its waitlist: Polymarket still doesn’t let just anyone join, especially when using a laptop. There are still thousands of people out there waiting their turn on the waitlist, as is made very clear at a glance in the Polymarket app reviews on the Google Play Store. We were able to create a new account simply by downloading the Polymarket app and using the Polymarket promo code COVERS to skip the queue, but it’s still an unnecessary hurdle.
- Adding more market coverage: Users in certain states, such as NJ, can currently access sports markets only. We want to ensure users in all states have the same access to the markets available on Polymarket.
- Fewer fiat options: Compared with competitors like Kalshi, Polymarket doesn’t make it easy to use traditional fiat payment methods like Visa or Mastercard or to withdraw funds to your regular bank account. We’d love to see the platform let users simply deposit and withdraw using USD, which would make it feel more accessible to casual users.
- Improving customer service: Polymarket offers various customer support channels, including live chat, email, and social media. Still, in our experience, it often takes too long to receive a response from this team, especially when contacting someone via the Polymarket app. Prioritizing customer support should be at the top of the platform’s to-do list.
Polymarket in the news
Check out the latest Polymarket updates here, or dive in further with our comprehensive prediction market timeline:
March 27, 2026: Intercontinental Exchange, the parent company of the New York Stock Exchange, invests $600 million in Polymarket.
March 24, 2026: Polymarket, along with its fellow prediction market platform Kalshi, updates its rules in an attempt to thwart insider trading following suspicious trading patterns at the start of the war in Iran.
March 19, 2026: Polymarket announces a partnership with Major League Baseball at the start of the 2026 MLB season.
Polymarket FAQ
The minimum deposit for trading on Polymarket varies depending on the deposit method you use. Some methods require only a $1 deposit to get started. You will, however, need to deposit $10 to fund your account initially to claim a $20 welcome bonus.
Yes. Polymarket US calculates taker fees using the formula Fee = 0.06 × Number of Contracts × Contract Price × (1 − Contract Price). For example, the taker fee for 100 contracts priced at $0.50 each is $1.50. Orders that add liquidity and are filled can receive a maker rebate calculated with a 0.0125 coefficient. Fees apply only when a trade executes.
Yes, you can trade on Polymarket on mobile. The Polymarket app is clean and well-designed, and makes it easy for beginners to place trades.
Yes, you can trade on political events on Polymarket, but not in every state. Some states, such as New Jersey, limit users to only sports-related markets and don’t allow you trade markets involving politics.
Yes, Polymarket offers presidential election “odds,” though they aren’t the same as the betting odds that you might get on elections at offshore sportsbooks. Instead, Polymarket users create their own markets for presidential elections and other political events.
Yes. Polymarket US supports debit and credit card deposits, along with ACH bank transfers and Apple Pay. The U.S. platform is fiat-based and trades in U.S. dollars, so you do not need to purchase cryptocurrency or route your deposit through MoonPay.
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