How to Use Polymarket: A Complete Guide for New Traders

Polymarket is a prediction market exchange where you trade on the outcomes of real-world events. Each market is a binary contract: YES pays $1 if the event happens, NO pays $1 if it doesn't.

Setting up your account

Polymarket offers email login through Magic.link — no separate wallet setup required. Once logged in, deposit USDC via credit card (MoonPay) or transfer from a crypto exchange like Coinbase.

How to place a trade

Browse markets by category or search for a specific event. Click "Buy Yes" or "Buy No", enter your amount in USDC, and confirm. Your potential return depends on the price when you buy.

Understanding returns

If you buy YES at $0.75 and the market resolves YES, you get $1 back — a 33% return. If you buy NO at $0.25 and the market resolves NO, you get $1 back — a 300% return. The price IS the implied probability and the payout structure.

How markets resolve

Markets resolve based on publicly verifiable sources. Each market has a resolution source listed in the details. Payouts are automatic when the event concludes.

Frequently asked questions

Is Polymarket legal? Polymarket restricts certain markets for US users but remains generally accessible. Kalshi is the CFTC-regulated alternative.

What is the minimum amount to trade? You can trade as little as $1. Practical minimum is $10-$25.

Can I sell my shares before the market resolves? Yes. You can sell YES or NO shares at any time before resolution at the current market price.

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