Seeing as Polymarket and its promo code are not legal in the US at this time, we recommend you use the Kalshi promo code instead.
If you’re looking for a unique alternative to traditional sportsbooks, Polymarket might be the platform for you. Unlike conventional betting sites, Polymarket operates as a user-to-user prediction market, allowing bettors to trade on real-world events, including sports, politics, and cultural trends.
But what about Polymarket promo codes? Are there any active coupon codes or Polymarket discounts available for users? And if not, are there other ways to maximize value on the platform?
In this guide, we’ll break down:
- Whether there’s a Polymarket promo code available.
- How sports prediction markets works at Polymarket.
- Alternative promotions and rewards that might offer users extra value.
Is There a Polymarket Promo Code?
Currently, Polymarket does not offer a promo code or traditional welcome bonus for new users.
However, the platform does have a daily rewards program, which allows users to earn incentives through regular activity.
And, while there are no verified Polymarket promo codes or Polymarket discount codes at the moment, this could change in the future. So be sure to check back regularly for updates on any potential promotions or Polymarket coupon code offers.
P.S: Even without a Polymarket promo code, users still benefit from low trading fees and competitive odds. 
What Is Polymarket?
Founded in 2020, Polymarket is a blockchain-powered prediction market where users trade on the likelihood of real-world events. This decentralized structure allows for transparent, community-driven pricing rather than traditional bookmaker odds.
So, unlike sportsbooks where the house sets the lines, Polymarket’s odds are determined by market activity, meaning prices shift as users buy and sell positions. It’s similar to how Kalshi and Crypto.com operate (and to how sports trading on Robinhood may operate in the future).
How Polymarket Works
- Users choose an event and buy shares in a specific outcome (e.g., “Team A wins the championship”).
- The price of a share represents the market’s collective belief in that outcome.
- If you’re right, you receive $1 per share, including your initial investment and profits.
This method makes Polymarket different from sportsbooks, offering a more community-driven approach to sports forecast.
Secure and Reliable Transactions
- Polymarket’s blockchain-based system ensures secure and reliable transactions.
- Users can trust that their funds are safe and that their transactions are processed quickly.
- The platform’s secure wallets make it easy to manage users’ funds.
How to Get Started on Polymarket
1. Create an Account
Signing up is simple:
- Click “Sign Up” at the top of the Polymarket website.
- Enter your email and confirm your account.
- Choose a username and agree to the terms.
2. Fund Your Account
Polymarket operates exclusively on cryptocurrency, meaning users must link a crypto wallet and use USDC (a stablecoin pegged to the US dollar) to trade.
How to Deposit:
- Purchase USDC using a credit card or bank transfer.
- Transfer USDC to your Polymarket wallet to start trading.
3. Start Trading
Once your account is funded, browse the available markets and choose an event to trade on! It’s that easy.
Polymarket & Sports Prediction
Polymarket started as a general prediction market but has recently expanded into sports betting-style trading. And while it’s still growing in the sports forecast space, it offers competitive odds and lower fees compared to traditional sportsbooks.
How Does Estimating on Sports Work?
Unlike standard sportsbooks where odds are fixed by bookmakers, the platform’s sports predictions work on a market-based system. For example:
- If 32% of users believe Team A will win, a share costs $0.32.
- If Team A wins, you receive $1 per share (your stake + profit).
This method allows traders to set the odds dynamically rather than relying on sportsbooks.
What Sports are Available on Polymarket?
Polymarket continues to expand its sports markets, with over 20 different sports and leagues represented. The most popular sports on Polymarket are:
- NFL (American football)
- NBA (Basketball)
- MLB (Baseball)
- English Premier League (Soccer)
- College Football
- Formula 1, UFC, Champions League, and more
You can also trade on sports using the Manifold Markets promo code, a bonus at a social exchange that’s widely available in the US.
What Other Events Can You Predict on Polymarket?
While it’s what we’re primarily interested in here at FantasyLabs, Polymarket isn’t just for sports.
It also lets users predict the outcomes of political, cultural, and financial events. Popular markets include:
- U.S. Presidential Elections
- Cryptocurrency price predictions
- Box office success of major movies
- Award winners (e.g., Oscars, Grammys)
Because it operates on real-world probabilities, Polymarket gives a unique way to engage with various current events, which is a relatively new concept.
Is Polymarket Legal in the U.S.?
No, Polymarket is not currently legal in the United States. Due to regulatory issues, Polymarket was forced to restrict access for U.S. users following legal action by the Commodity Futures Trading Commission (CFTC).
Why? Polymarket was accused of running an unregistered trading platform for derivatives. And because prediction markets can resemble financial markets, they fall under strict regulations.
This means that while U.S. users can technically access the platform, they are not protected under U.S. gambling laws, which is safe to say (no pun intended) raises potential risks.
Polymarket vs. Kalshi: Which is Better?
The biggest difference between Polymarket and Kalshi is legality. How come? Kalshi is a fully legal and regulated prediction market in the U.S., offering a safer, more compliant alternative.
Pros of Kalshi Over Polymarket:
- Legal & regulated in the U.S.
- More sports market options
- Better-designed user interface
If you’re not interested in Kalshi, another alternative to Polymarket is the top DFS apps, which are legal in the majority of states.
Polymarket Banking & Deposits
Since Polymarket only supports cryptocurrency transactions, users must use USDC (a stablecoin) to fund their accounts. Here’s how to deposit on Polymarket:
- Set up a crypto wallet
- Purchase USDC via credit card, bank transfer, or exchange
- Transfer USDC to your Polymarket account
Unlike traditional sportsbooks, there are no direct bank withdrawals, so users must convert winnings back to fiat currency via crypto exchanges.
Polymarket Promo Code: Responsible Play
Whenever you’re trading, especially on an unregulated site, it’s crucial to practice responsible gaming. Here are some of our tips:
- Never risk more than you can afford to lose.
- Take breaks if trading becomes stressful.
- Seek help if you struggle with addiction – contact 1-800-GAMBLER for support.
For remote assistance, visit GamTalk.org, or think about attending an in-person Gamblers Anonymous meeting.
Polymarket Customer Support
Support is available via email: hello@polymarket.com. The team is knowledgeable and helpful, and can provide users with the latest information on promotions and deals. Plus, users can contact the support team through the platform’s website or through their email newsletters.
However, Polymarket lacks live chat or phone support, which can be a downside for users who need quick assistance.
Taxes and Fees at Polymarket
Fees:
- Polymarket has a 1% trading fee (vig) on many markets.
- Additional transaction fees may apply when using cryptocurrency wallets or converting assets.
Taxes:
- Just like crypto trading and traditional sports betting, profits from Polymarket are taxable income in most jurisdictions.
- It’s always a good idea to track your winnings and consult a tax professional for guidance on reporting earnings.
Pro Tip: Keeping records of transactions and withdrawals can help simplify tax reporting at the end of the year.
Final Thoughts: Should You Use Polymarket?
With competitive pricing and odds, Polymarket Sports offers its users transparency and a growing list of markets. And, while promo codes are not yet part of the Polymarket platform, don’t be surprised if Polymarket codes pop up. And remember: users can maximize their trading experience by taking advantage of exclusive offers and promotions, and by using the platform’s secure and reliable banking system.
Pros:
- Competitive odds & low fees
- Wide range of event markets
- Decentralized & transparent
Cons:
- Not legal in the U.S.
- Requires cryptocurrency for trading
- Limited customer support
If you’re looking for an alternative to sportsbooks, Polymarket offers a unique way to engage with real-world events. However, for U.S. users, Kalshi is a legal alternative that provides similar features with added security.
Polymarket Promo Code FAQs
We’ve covered a lot about Polymarket and its promo code situation, but we know you may still have some questions. Below, we’ve answered the most common inquiries to help you better understand the platform.
What is Polymarket?
Polymarket is a cryptocurrency-based prediction market, allowing users to trade on the outcomes of real-world events. These various events range from sports and politics to entertainment and financial trends. Odds fluctated based on market activity, a mechanism that helps both sides remain balanced in terms of payout.
Why is Polymarket illegal in the US?
Polymarket operates as a prediction market, but U.S. regulators classify certain types of event trading as derivative trading, which requires proper licensing. Taking this into account, the Commodity Futures Trading Commission (CFTC) took legal action against Polymarket for running an unregistered derivatives exchange, leading to restrictions on U.S. users. If you’re looking for a legal alternative, Kalshi is a CFTC-regulated platform that offers similar prediction features while complying with U.S. laws.
Is Kalshi better than Polymaket?
Both platforms offer prediction-based trading, but Kalshi has a significant advantage for U.S. users—it’s fully legal and regulated. Here are some key differences:
- Kalshi is CFTC-approved and operates legally in the U.S.
- More secure for U.S. users, ensuring compliance with regulations.
- Broader market offerings, including financial and economic predictions.
- Polymarket has a wider variety of global events, but is restricted in the U.S.
For American traders, Kalshi is the safer and legal option. However, if legality isn’t a concern and you prefer a broader range of event markets, Polymarket might still be of interest.
Can I bet on sports with Polymarket?
Yes! Polymarket offers a growing selection of sports markets, including NFL, NBA, MLB, English Premier League, Champions League, Formula 1, UFC, and boxing.
What is the Polymarket code?
As of now, Polymarket promo codes are not a thing. However, daily rewards programs provide incentives for regular users, and Polymarket may introduce promo codes in the future, so it’s worth checking back for updates.
Does Polymarket have a rewards program?
Yes! Although there isn’t a Polymarket promo code, the platform offers a daily rewards system, allowing users to earn incentives based on trading activity. Here’s how it works:
- Users who place orders on selected prediction markets may qualify for rewards.
- The exact structure varies, but active users can benefit from ongoing promotions.
While this isn’t a traditional deposit bonus, it’s a great way to maximize value on the platform.
