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  1. Home
  2. /Glossary
  3. /Polymarket
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defi

Polymarket

A decentralized prediction market where you can bet real money on the outcome of real-world events like elections, sports, and crypto prices.

Definition

A decentralized prediction market where you can bet real money on the outcome of real-world events like elections, sports, and crypto prices. It runs on Polygon and uses USDC for trades. Polymarket gained mainstream attention during the 2024 U.S. presidential election when it became a better predictor than traditional polls.

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Related Terms

Prediction Market

A market where people trade contracts based on the outcome of future events.

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