Polymarket Promo Code COVERS: Deposit $10, Get $20 Bonus (July 2026)

Quick verdict: My overall thoughts on the Polymarket promo code offer

The Polymarket promo code offer is one of the most valuable prediction market bonuses available right now because it provides bankroll to test the app and get plenty of trades in without committing too much of your own funds. You get a similar amount of trading options with the $20 if not less than some other prediction market platforms.

I find Polymarket has the fastest platform and a more news-driven feel than many of its competitors like Kalshi, and the $20 trading bonus is especially useful if you want to try several markets instead of putting everything into one outcome. 

I also like that Polymarket is not limited to sports. Once I’m inside the app, I can move between politics, crypto, culture, global news, and sports markets, which makes the bonus feel more flexible than a standard sportsbook-style welcome offer. 

For me, the most important things are:

• Exclusive code: You may still see users searching for a Polymarket invite code, but the more important piece is using the active Polymarket promo code COVERS today to secure $20 for trading in the app.
• Bonus value: $20 is a decent starting point for a prediction market app, especially if you want to spread your trades across multiple outcomes.
• Market variety: Polymarket is built for more than sports, with markets tied to politics, crypto, entertainment, economics, and breaking news.
• Mobile-first access: The U.S. app has rolled out to iOS and Android users, but the best signup path is still through your mobile device.  
• Best fit: I like this offer most for users who want a fast-moving prediction market app with strong liquidity and plenty of non-sports markets.

What’s the best Polymarket bonus?

The best Polymarket bonus right now is the Deposit $10, Get $20 Bonus available with our exclusive Polymarket promo code COVERS.

I like this offer because it gave me a useful starting bankroll without making the signup process feel heavy. I only needed to deposit $10 to qualify for the $20 bonus which made it easy to test Polymarket’s core experience before committing more of my own money.

For me, the value is not just the headline bonus amount. It is the flexibility. I can use the bonus to explore different types of markets, like sports, politics, crypto, culture, global news, or major economic events, instead of being locked into one sportsbook-style promo or one specific bet type.

My recommendation is that the Polymarket welcome bonus is ideal for learning how prediction markets work, trying a few real-world event contracts, and getting comfortable with “Yes” or “No” trading before scaling up.

Covers Expert Analysis

"Now that deposits are allowed in the U.S., interested users can register in eligible U.S. states to claim a Polymarket sign up bonus, view live prediction markets, and get familiar with the platform. Sign up only took me under five minutes, and as always, use our exclusive Polymarket code to guarantee the best possible promo."

Christian Stringer, Sports Betting Editor

Polymarket promo code comparison

	Polymarket	Crypto.com	Kalshi	OG.com
Compare	Pin	Pin	Pin	Pin
Welcome bonus	Deposit $10, Get $20 Bonus	$50 Bonus	Up to $500 in Bonuses	Trade $10, Get $10 Bonus
Promo code	COVERS	Use unique link	COVERS	Automatically applied
Bonus type	Deposit and get	First trade match	Trade and get	Bet & get
Bonus form	$20 trading bonus	Up to $50	Up to $500 in bonuses	Up to $10 in bonuses
Payout speed	Within 24 hours	Within 24 hours	Within 24 hours	Within 24 hours
Min. deposit	As little as $10	$10	$10	$10
Covers BetSmart Bonus Rating	⭐ 4.9/5	⭐ 4.7/5	⭐ 4.9/5	⭐ 4.6/5

Polymarket promo code terms and conditions

My first step to claiming the Polymarket welcome bonus was entering the exclusive Polymarket promo code COVERS when prompted at sign-up. Once I added the code, the rest of the registration process took under five minutes, and the bonus requirements were easy to follow.

You only need to deposit $10 to unlock the $20 bonus, which makes this one of the lower-commitment offers in the prediction market space. After my deposit was available, I had enough flexibility to test a few different markets instead of putting everything into one trade.

Once the deposit settled and the promo requirements were met, the bonus funds were released into my account and ready to use. That gave me a useful starting bankroll to explore Polymarket’s sports, politics, crypto, culture, and breaking news markets without risking much of my own money upfront.

I’d use the $20 bonus to test a few NFL futures markets without risking my own deposit. For example, I could trade on the Ravens to win the AFC, or the Rams to win the 2027 Super Bowl. If one of my predictions hits, the profit is added to my account balance. If it misses, I’ve used the promotional funds to learn how Polymarket works instead of losing my own money.

Claim Polymarket bonus

How to claim the bonus on Polymarket?

Read my step-by-step guide below to learn how to claim and use the Polymarket promo code first-time welcome bonus today: 

Polymarket promo code summary for this week

	Polymarket
Polymarket sign-up bonus	Deposit $10, Get $20 Bonus
Polymarket referral code	COVERS (mobile only)
Top feature	Trade real-world events instantly
Minimum deposit	As little as $10
Eligible states	Available in all U.S. states and D.C., excluding Nevada
Eligible trading markets	Sports, politics, pop culture, tech, crypto, breaking news
Legal age	18+
Polymarket mobile app	iOS & Android
Offer expiry	Ongoing

Trending on Polymarket

Polymarket always highlights the prediction markets that are generating the most interest among its users, whether in sports, politics, economics, crypto, esports, or popular culture. You can find a devoted section to what's trending.

Polymarket Trending News

Follow along as markets emerge in response to real-time events, including nearly 200 trending markets, predictions, and odds. The 'Trending News' tab will showcase all the hot prediction offerings for the day, including the value of Bitcoin, U.S. politics, geopolitical topics, whether the Clarity Act will be signed into law in 2026, and the 2027 NBA Champion market. You can also bet on the Hungarian Grand Prix today if you're into Formula 1.

Today's featured Polymarket prediction markets

I do a daily sweep to check the Polymarket trading prices for politics, cultural markets, and the most robust sports prediction markets. Trading has exploded on the NBA with the bombshell news that LeBron James has signed with the Philadelphia 76ers. Here's what is hot on July 26, 2026:

Today's featured sports prediction market: 2027 NBA Champion

NBA: 2027 Champion odds

Total Volume: $10.2M as of July 26, 2026

MLB: Los Angeles Dodgers vs. New York Mets odds

Total Volume: $24.49K as of July 26, 2026

All odds are accurate at the time of publishing and are subject to change. Polymarket's game handles are often slow to update. 

Covers Expert Analysis

"I recently noticed that Polymarket's odds have shifted towards two decimal places, making them sharper and more granular. It appears to be tied to the game's start time once a certain threshold or handle is met. Handle absolutely explodes in the day leading up to the game's start time, so moving quickly can be smart before the masses move the odds."

Christian Stringer, Prediction Markets Editor

Polymarket politics odds

Democratic Presidential Nominee 2028:

Total Volume: $1.25B as of July 26, 2026

Presidential Election Winner 2028:

Total Volume: $669.8M as of July 26, 2026

Polymarket pop culture markets 

US-Iran Final Nuclear Deal by...?

Is Polymarket legal?

Yes, Polymarket is legal and has returned to the U.S. market after being fined and barred in 2022 for operating without registration. Polymarket resolved its regulatory issues by acquiring QCEX, whose affiliate QCX LLC is a licensed derivatives exchange. Because QCX LLC is officially registered with the Commodity Futures Trading Commission (CFTC), Polymarket now has the legal "green light" to offer its prediction markets to American users.

Polymarket is now legally operating nationwide under federal oversight, offering New York prediction markets, California prediction markets, Texas prediction markets, Georgia prediction markets, and Florida prediction markets, among others. Polymarket is not subject to 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, protecting your data.

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 to the reasons above. At the moment, it's clear to me that Polymarket and Kalshi are leading the charge."

Christian Stringer, Prediction Markets Editor

What is Polymarket?

Polymarket U.S. is a centralized, CFTC-regulated Designated Contract Market (DCM) operated by QCX LLC, where real-world events are turned into tradable markets. In short, prediction market apps like Polymarket allow me to invest in future predictions and turn a profit if I am correct.

Instead of betting against an oddsmaker, I can trade shares that reflect whether an outcome will occur. As I buy and sell, contract prices change, reflecting what the general public perceives as the likelihood of each outcome. Polymarket recently introduced an improved contract, called CTF Exchange V2, that has simplified and optimized the order structure and matching, improved fee management, and lowered gas costs through more efficient libraries.

Topics range widely, from politics to tech, culture, sport, and more. I have to decide when to enter or exit positions, assessing the odds based on the current market climate and my own personal research.

What I like about the Polymarket promo code

Exclusive promo code

Enter our exclusive Polymarket bonus code 'COVERS' during registration to trigger the absolute best offer. I like that the code is presented as a shortcut to the U.S. app rather than leaving me in the standard early-access flow.

Low barrier to entry

I only need to deposit $10 to unlock the full $20 trading bonus, which keeps my upfront risk low. For a first-time user who wants to test the app without overcommitting, the promo makes it much easier to justify.

Simple U.S. funding

Polymarket US lets me fund my account through the app with a debit card or bank transfer (ACH), so claiming the offer feels more familiar than a crypto-first onboarding flow. That simplicity lowers the friction for casual users who just want to get started quickly.

Flexible trading mechanics

I’m not locked into a position until the market settles. Polymarket US lets me buy or sell at any point before settlement, giving me greater control to lock in gains, cut losses, or react to new information.

What I don't like about the Polymarket promo code

The Polymarket promo code does have some drawbacks:

Mobile-only redemption

The Polymarket sign-up bonus is framed as a mobile-only promo, so desktop users can hit friction immediately. I don’t love having to switch devices just to activate a welcome offer.

Modest bonus ceiling

The total upside is capped at $20 in trading bonus funds. That’s fine for casual users and first-timers, but it’s not a huge boost to my bankroll if I’m looking for a more aggressive welcome offer.

Depositing may confuse newbies

You have to make a minimum deposit in either MoonPay or Polymarket USD to unlock the Polymarket welcome bonus, which can be confusing if you're new to the platform. Luckily, Polymarket has an entire 'How to Deposit' section in its Help Center that you can read to learn how to make your qualifying deposit. 

Waitlist friction

Polymarket’s U.S. app is still being rolled out via early access, and desktop users who land on the site may still be pushed to the waitlist. That extra step makes the signup process less seamless than a typical betting app. As suggested, use the Covers-verified Polymarket promo code to bypass the waitlist altogether.

Polymarket platform review

Who 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. The Polymarket invite code 'COVERS' ensures you are getting the best possible promotion to start your prediction market journey.

Covers BetSmart Rating: ⭐ 4.9/5

Banking and payout speed	⭐ 4.8/5
Key features	⭐ 4.8/5
Security and trust	⭐ 4.9/5
Customer support	⭐ 4.9/5
User experience	⭐ 4.9/5
Betting odds	⭐ 4.9/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"Polymarket is actually pretty good, especially because they give you bonus cash to start betting with. You can use that bonus to place bets, grow it if you make good predictions, and then withdraw the money, which is a big plus. The platform is easy to use and feels legit. That said, it can be really stressful, especially when a bet is about to lose, and you’re watching your money disappear. It’s exciting, but definitely not for people who get stressed or anxious really easily. Overall, it’s a good opportunity, but it’s emotionally intense."

- Alex, App Store user

"Very good app!!! I like the breakdown of the individual categories and the graphs are a very nice touch!!!"

- Paul Miele, Trustpilot user

Polymarket responsible gaming  

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 key features

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

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.

Real-Time Pricing

Prices fluctuate based on supply and demand, reflecting real-time market activity as traders react to news and events.

No Trading Fees on Select Markets

Polymarket doesn’t charge any trading fees on its Geopolitical and World Events categories. Sports, however, do have fees. Sports fees have recently been updated, and are now calculated at match time instead of when you buy the contract to remove a category of edge-case failures.

Liquidity Rewards Program

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

Polymarket Dashboard

Customize your Dashboard to track key markets you're monitoring.

Polymarket social media integration

Thanks to Polymarket's partnership with X (formerly Twitter), you can wager on sporting events with just one tap through social media. If you see odds you like on your social media feed, you can easily navigate to a bet slip and confirm your selection.

Polymarket at a glance

💰 Sign-up bonus	Deposit $10, Get $20 Bonus
⏩ Polymarket invite code	COVERS
🏅 Top feature	Trade real-world events instantly
💵 Minimum deposit	$10
🕒 Payout speed	Within 24 hours
App Store rating	4.6/5 ⭐ (51K reviews)
Google Play rating	2.5/5 ⭐ (8.6K reviews)
🌎 Available states	All states + DC (excluding Nevada)
🕒 Offer expiry	Ongoing

What we like

Global reputation: Polymarket is one of the most popular prediction platforms worldwide, boasting an international user base and a sterling reputation for event-based trading.

Simple app: The interface is clean and intuitive, making it easy to participate in contracts, make deposits, and explore markets. The platform offers simple trading in weather and culture, allowing users to choose between two outcomes and making it easier to understand and navigate.

Crypto platform: All transactions on Polymarket U.S. are settled in pUSD Coin, which is backed 1:1 by USDC and mirrors the U.S. dollar.

What we don't like

Potentially confusing to new players: Prediction markets are a new space for most players, and Polymarket's design could be a little friendlier to first-timers.

Subjective resolution risk: Some contracts are based on how outcomes are interpreted, leading to user disputes.

To learn more, check out our in-depth Polymarket review. Our Polymarket vs. Kalshi or Polymarket vs. FanDuel Predicts guide pages also outline the current Kalshi promo code offer, to see which prediction market is right for you in 2026.

Polymarket app review

I can access the platform via the Polymarket mobile app or through a browser. Either way, I find it is straightforward, smooth, and convenient for event trading.

My experience is largely the same, but using the app was easier and quicker during my testing. I can enable push notifications, check price changes, and manage positions. It’s a more practical and convenient choice for an active trader than using a desktop. I recommend the desktop experience for the increase in visual cues and immersion.

🍎 Polymarket iOS app

The Polymarket app has a 4.6/5 rating based on more than 52,000 reviews. The Polymarket betting app requires compatibility with iOS 18.0 or later. Polymarket is forthcoming about the specific data used to track you, including identifiers and usage data.

Polymarket Combo Cup

The Polymarket Combo Cup is a platform-wide combos promotion. Users can bundle between two and 32 eligible Polymarket predictions into one trade, with every leg required to win for the combo to pay out. Any qualifying combo worth at least $10 USDC is automatically entered into a daily competition, where the five resolved combos with the highest percentage returns split $50,000 in bonus prizes. Eligible combos can include tennis, baseball, combat sports, esports, and other available markets.

Polymarket Combo Cup

Here are the key terms I've found for the promotion. Keep in mind, this is only for international users, not in the U.S.

• Dates: July 13–31, 2026
• Entry requirement: Minimum $10 combo
• Combo size: Two to 32 market selections
• Entry method: Automatic; no registration required
• Daily prize pool: $50,000
• Winners: Top five combos each day
• Ranking method: Highest percentage return, not total profit
• Daily prizes: $20,000, $12,500, $8,500, $5,500, and $3,500
• Settlement: Every leg must resolve successfully during the competition day
• Cash-outs: Early cash-outs and sales do not qualify
• Competition day: 00:00–23:59:59 UTC, resetting at 8 p.m. ET
• Multiple wins: Users can win on multiple days, but only once per day

What markets can you trade with the Polymarket code?

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

It stands out as one of the best NFL prediction market sites. Sports event trading is available for all major sports and leagues, including basketball (NBA and NCAA March Madness), football (NFL, NCAAF), hockey (NHL), F1, tennis, soccer (including English Premier League, La Liga, MLS, and Champions League Final), and golf. There are plenty of niche and international sports available, with consistent additions of new betting markets. Polymarket has also moved into esports through a recent partnership with tournament organizer BLAST, which integrates its markets directly into broadcasts via prediction-focused segments, live desk references, stream branding, and on-site fan activations.

Polymarket is the official Prediction market exchange partner of the MLB. Starting this 2026 season, Polymarket has exclusive access to MLB product, including official league data from Sportradar. Polymarket will also work to restrict MLB betting markets that pose integrity risks, such as player pitch counts.

Polymarket is now the Bundesliga's official prediction market partner in the U.S., meaning users will be able to trade on Bundesliga markets starting in August. 

Polymarket trading 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:

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

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

Crypto (Bitcoin (BTC), Dogecoin, hourly values, Ethereum)

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

Climate (weather, temperature, climate change, natural disasters)

Economics (interest rates, inflation, employment, consumer spending, energy)

Example: Will there be a U.S. recession in 2026? What will be the fed. decision in September?

Companies (Elon Musk, CEOs, layoffs, product launches)

Business Financials (NASDAQ, currency, treasuries)

Tech & Science (AI, space, energy, academic papers)

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

Health (disease spread, COVID)

World (foreign economies, international politics)

Polymarket live event trading

Prices on Polymarket fluctuate constantly because traders set them and adjust accordingly. As soon as new information becomes available, traders react to the news, whether by buying or selling more positions or by adjusting 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 player props

Polymarket recently launched sports player props, offering markets where users can trade on individual player performances in NBA prediction markets, rather than overall game results. Player props may include any yards, points, touchdowns, strikeouts, goals, or other stat-based achievements specific to each sport. As with all Polymarket contracts, player props are Yes/No markets where prices indicate the market's probability for each outcome.

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 while trading.

Polymarket Combos

I see Polymarket Combos as a product with a lot of upside, but the current experience feels more confusing than it should. My coworker put it bluntly: “Combos are an awful experience. No hyperbole, top 5-10 worst betting product experience for me the last 18 years.” I think that reaction is important, not because the product is doomed, but because it shows how much friction exists today for even experienced bettors.

At the same time, I’m optimistic about the opportunity. The volume is already there on-site, which tells me users are interested despite the complexity. With better education, clearer content, and calculator tools that explain pricing, payout, probability, and risk, Polymarket Combos could become a much more trusted and engaging product. If someone with nearly two decades of betting experience can question how “scammy” these feel at first glance, then newer users will almost certainly need more guidance.

Key features and opportunities:

• Allows users to combine multiple market outcomes into one position.
• Creates more strategic, higher-upside ways to express a view.
• Current UX can feel confusing or intimidating, especially around pricing and payouts.
• Strong need for educational content, examples, and step-by-step explainers.
• Calculator tools could help users understand implied probability, expected return, and risk.
• Better transparency could make Combos feel more credible, approachable, and trustworthy.

What are Polymarket Perps?

Polymarket Perps are worth separating from the standard yes-or-no markets because they feel closer to an active trading product than a simple prediction market position. Regular Polymarket markets ask a clear question: Will this event happen or not? Perps are built more for users who want continuous exposure to price movement, market momentum, and short-term trading opportunities. 

That makes them interesting, but also more advanced. I would not treat Polymarket Perps the same way I treat a championship futures market, an election market, or a one-off sports outcome. With a normal Polymarket trade, I’m buying shares tied to a defined event and resolution date. With perps, the appeal is more about active trading, timing entries and exits, and understanding how the market moves.

For me, the key things to know are:

• They are more advanced than standard Polymarket markets: Perps are better suited to users who already understand trading mechanics.
• They fit Polymarket’s crypto-native identity: This is where Polymarket feels more like a modern trading platform than a sportsbook alternative.
• They require more risk awareness: Perps can move quickly, so I would not recommend treating them like a casual promo-code play.
• They add another lane for active users: If you like Polymarket for liquidity, speed, and real-time market movement, Perps give you another way to engage beyond event contracts.

My take: I feel Polymarket Perps are a strong product expansion for experienced traders, but new users should start with standard yes-or-no markets first. They are easier to understand, cleaner to track, and a better way to learn how Polymarket prices real-world outcomes before moving into more advanced trading tools.

Does Polymarket have a referral program?

Polymarket doesn’t offer that many promotions or a referral program 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.

Does Polymarket give you $10?

While there is currently no program that mirrors a sportsbook referral bonus, 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 a $10 bonus when someone referred by you makes their first deposit via your referral link

What is the Polymarket Referral Code?

The Polymarket referral code is COVERS. Be sure to enter it when prompted.

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. Polymarket rewards are calculated daily. The closer your trades are to the market’s average price, the more you earn.

Polymarket trading odds and fees

Polymarket shows 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 also doesn’t include any margin in the prices as a sportsbook would.

As of March 2026, sports markets created on Polymarket have a new fee structure, with a peak effective fee of 0.75% at the 50/50 price point. In future expansions, the platform will roll out something similar across various other categories, including Finance, Politics, Economics, Culture, Weather, and Tech.

Polymarket customer service

Customer support at Polymarket can be reached via live chat, the Discord server, or email. I recently sent an email to support to clarify a promotion and received a detailed response within 10 minutes. I am thoroughly impressed with that level of care, given the sheer volume of queries they surely process.

With live chat, you are first connected to the AI chatbot, which can answer common queries or direct you to the detailed help center. 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 you’ll be connected to a representative in no time. There is also a Discord server where you can submit 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 deposit money into your account via MoonPay or Polymarket USD (pUSD), the new collateral token. pUSD is 1:1 backed by USDC and mirrors the value of the U.S. dollar. You can get pUSD as a standard ERC-20 token on Polygon.

I've been pleased to see that Polymarket's deposit and withdrawal options are constantly expanding. I was excited to see they added Apple Pay, Google Pay, and Cash App, which are about as user-friendly banking options as you can get. From what I've read, people are still desperate for Venmo and PayPal.

Cryptocurrency remains a staple, so feel free to use Bitcoin, Ethereum, Solana, or your preferred crypto. There is also Bitcoin Lightning, and I appreciated the opportunity to 'Connect Exchange' with Coinbase or Bybit Pay. I also noticed that Binance, Kraken, Gemini, and Gate are also listed as 'Coming Soon.' 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💸
Crypto (USDC)	✅	✅
Visa (direct)	✅	✅
Mastercard (direct)	✅	✅
ACH bank transfer (via Plaid)	✅	✅
Apple Pay	✅	✅
GPay (Google Pay)	✅	✅
Cash App	✅	✅

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Polymarket Deposit Wallet

Polymarket’s Deposit Wallet migration changes how new API users deposit and trade by providing them with a dedicated deposit wallet. This is important because funds must be sent to that deposit wallet, not to a regular personal wallet, or they may not appear as available for trading. Users also need to make sure the deposit wallet is properly approved before placing trades. Overall, the change is meant to make deposits, balances, and trading activity more reliable and easier to track. Existing users are unaffected by this phase.

How does Polymarket compare to traditional sports betting?

Prediction markets are similar to financial exchanges, where users trade contracts whose prices fluctuate based on the public's perception of an event's likelihood. Sports betting is a wager placed against odds set 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. Residents in the Golden State, for example, can trade California prediction markets on sports, despite there being no legal sports betting.

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.

July 1, 2026: The battle between prediction markets and New Mexico escalated Tuesday as Polymarket sued the state in an effort to block enforcement of its gambling laws.

June 26, 2026: The CFTC, the federal regulator overseeing prediction markets, is conducting an "extensive investigation" into Polymarket after separate allegations that the company used fake bets and fabricated winnings in a social media marketing campaign.

June 22, 2026: A Polymarket user put their money where their mouth was, netting nearly $1 million in profit wagering on Egypt to cover the spread in their World Cup match against New Zealand.

June 22, 2026: Prediction platform operator Polymarket announced it's now the Bundesliga’s Official Prediction Market Partner in the U.S.

June 19, 2026: A federal judge denied Polymarket's preliminary injunction request in a Michigan case after a lawsuit was filed that sought to block Michigan from enforcing its gambling laws concerning the prediction market operator’s sports contracts. 

June 18, 2026: Splash Sports has partnered with Polymarket to offer its 2 million users access to prediction markets later this summer.

June 16, 2026: A Polymarket user lost nearly $1 million when Spain failed to beat Cabo Verde in Monday’s 0-0 draw.

June 12, 2026: One Polymarket trader isn’t feeling very patriotic ahead of the U.S.' first appearance at the 2026 World Cup Friday, risking over $505,000 on the team failing to win its match against Paraguay.

June 4, 2026: Polymarket has an entire dossier dedicated to instances in which the company believes Kalshi has been spying and copying its ideas, including competing New York grocery store promotions from earlier this year. 

June 1, 2026: Polymarket is reportedly increasing geographic restrictions in an attempt to move away from anonymous trading by trying to reduce the use of virtual private networks (VPNs) used to access its platform,

May 28, 2026: A Google employee has been arrested for using sensitive information to win $1.2 million by trading contracts at prediction platform Polymarket.

May 27, 2026: Spain’s Consumer Rights Ministry temporarily blocked access to prediction market operators Polymarket and Kalshi while it investigates their lack of gambling licenses.

May 21, 2026: Polymarket asked the CFTC to self-certify bundled sports contracts, which require every leg hitting to win.

May 18, 2026: Polymarket has been scrutinized after nine linked accounts reportedly made more than $2.4 million on Iran-related military event contracts.

May 14, 2026: Polymarket is continuing its headlong dive into the soccer world, announcing a new partnership with Italy’s Serie A as the league’s exclusive U.S. prediction market platform.

May 12, 2026: Polymarket opens access to iOS users for its U.S. exchange.

April 30, 2026: Polymarket will not be offering Kentucky Derby contracts for this Saturday's race at the request of Churchill Downs.

April 21, 2026: Polymarket is engaged in talks for fundraising that would value the company at up to $15 billion, a 66% increase in six months.

April 6, 2026: Polymarket unveiled sweeping changes to trading and contracts coming to its platform over the next few weeks, promising it'll be the “biggest infrastructure change since launch.”

April 3, 2026: Polymarket and La Liga reach a multi-year partnership in the U.S. and Canada.

March 27, 2026: Intercontinental Exchange, Inc. injected $600 million cash into Polymarket, completing a previous agreement to supply the popular prediction platform with $2 billion in investment.

March 23, 2026: Polymarket has implemented changes to eliminate various forms of insider trading after coming under fire over certain markets and outcomes, announcing its "Enhanced Market Integrity Rules".

March 19, 2026: Major League Baseball has become the most prominent U.S. sports league to partner with a prediction market platform, linking up with Polymarket, signing an unprecedented agreement with the CFTC.

March 12, 2026: Polymarket CEO Shayne Coplan pitches an integrity platform that will aid the entire sports betting and event trading ecosystem.

March 9, 2026: According to reporting by the Wall Street Journal, Polymarket and Kalshi are in talks with new investors, which would push valuations to $20 billion. 

March 4, 2026: Polymarket removed a controversial prediction market that allowed customers to win money if a nuclear attack occurred before a series of deadlines.

Feb. 24, 2026: Polymarket and Kalshi have received a combined $10.6 million in mention market contract purchases on US President Donald Trump's upcoming State of the Union address on Tuesday.

Feb. 9, 2026: One Polymarket trader enjoyed a notably profitable experience wagering on the Super Bowl 60 halftime, profiting about $17k.

Feb. 9, 2026: Attempting to preempt its own shutdown while Kalshi faces a sports market ban in Massachusetts, Polymarket is suing the Bay State.

Feb. 3, 2026: Polymarket announced a first-of-its-kind initiative, launching a free grocery store in New York City that will open on February 12th.

Jan. 31, 2026: Following a lawsuit filed on January 16th, Polymarket is out of jurisdiction in Nevada for 14 days through a temporary restraining order.

Jan. 27, 2026: Major League Soccer (MLS) makes Polymarket its exclusive prediction market partner, announcing a multi-year agreement.

Jan. 20, 2026: Sports streaming platform DAZN announced a partnership with Polymarket, where the deal will bring Polymarket and its prediction markets, including those in various sports, in front of DAZN’s digital viewers in the U.S.

Jan. 19, 2026: The Nevada Gaming Control Board sued Blockratize Inc., the entity behind Polymarket, arguing that sports event contracts constitute wagering under Nevada law and require licensure.

Jan. 15, 2026: Polymarket has come under growing scrutiny for its listed contracts, which allow users to trade on the outcomes of active military conflicts.

Jan. 9, 2026: With the 83rd annual Golden Globes set for Sunday night, Polymarket announced that it is now the exclusive prediction market for the upcoming awards ceremony.

Jan. 8, 2026: Polymarket named the official prediction market of the New York Rangers.

Jan. 7, 2026: Polymarket increases media exposure with a new Dow Jones partnership, where it will provide real-time prediction market data on a variety of Dow Jones’ digital platforms.

Jan. 5, 2026: A new bill attempts to curb government officials' use of insider information to trade on prediction market platforms after a Polymarket account netted over $400,000 from bets related to the United States' capture of Venezuelan President Nicolas Maduro.

Additional predictive market platform promos

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

• 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.
• FanDuel Predicts: FanDuel teamed with CME Group to launch FanDuel Predicts in December 2025. Check out our FanDuel Predicts promo code review page to learn more
• Fanatics Markets: Fanatics formed a partnership with Crypto.com to launch an online predictive platform. Check out our Fanatics Markets promo code review for more details. 
• DraftKings Predictions: Check out our DraftKings Predictions promo code page to learn more about the newcomer to the space.
• Crypto.com: Delivers a $50 bonus that can be attained without the use of a Crypto.com promo code.
• OG.com: Provides up to $10 in bonuses that can be claimed without an OG promo code. 
• ROLR: Expect the ROLR prediction market promo code soon.