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Polymarket is a cryptocurrency-based prediction market platform that has become one of the largest and most liquid prediction markets globally. Founded by Shayne Coplan and backed by investors including Peter Thiel's Founders Fund, Polymarket operates on the Polygon blockchain and settles contracts in USDC.
Polymarket gained massive attention during the 2024 US presidential election cycle, with hundreds of millions in trading volume on election outcome contracts. The platform covers politics, crypto, sports, science, and pop culture events. Polymarket is not available to US users due to a 2022 settlement with the CFTC.
Editor's Verdict
Polymarket is the global prediction market standard and produced 2024's most accurate election forecasts — unfortunately inaccessible to US users, but essential context for understanding prediction market pricing.
Last reviewed: February 2026 · BonusBell Editorial Team
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