Polymarket Promo Code & Review for Sports Predictions Market
We don’t recommend the Polymarket promo code at this time as the platform isn’t available to US users. In the meantime, we recommend you check out the Kalshi promo code. This exchange platform is legal in the US and grants you a generous welcome offer when you sign up with our code.
See below to learn more about Polymarket and what alternatives are available.
Sports bettors are always looking for new ways to get in on the action, and Polymarket offers exactly that. This site represents a departure from traditional online sportsbooks.
How? It uses a user-to-user model, which means pricing is determined solely by market demand. As a result, prices remain competitive.
What Is the Polymarket Promo Code?
There is no Polymarket promo code at the moment. If one ever becomes available, it will likely give you a leg up when trading on the platform. And while it won’t guarantee profit, it can help users lower costs or improve liquidity when making trades.
How to Find a Verified Polymarket Promo Code
If Polymarket (and thus its promo codes) ever become legal in the US, we’ll share them with you here.
How to Use a Polymarket Promo Code
Using a Polymarket promo code should be easy: once you have a valid promo code, follow these steps:
- Log in to your Polymarket account or create a new one if you don’t have one already.
- Go to the Polymarket checkout page.
- Enter the promo code in the designated field.
- Click “Apply” to activate the promo code.
- Review the terms and conditions of the promo code to make sure you understand the benefits and any restrictions.
Polymarket Sports Bonus Offer
Currently, Polymarket does not offer promo codes or discounts for new users. However, existing users can still benefit from daily rewards on selected markets, and they can be found on the platform’s Rewards page.
A new user bonus program could be launched in the future, so keep coming back here for any relevant updates.
Polymarket’s Legal Problems
We value transparency, so let’s address a major concern: Polymarket is not legal in the United States due to regulatory action taken by the Commodity Futures Trading Commission (CFTC).
The platform was deemed an unregistered derivatives exchange, which led to legal restrictions. As a result, the platform cannot obtain legal status in the U.S.
That said, users in certain jurisdictions outside the U.S. can still access the platform, and no enforcement actions have been taken against individual traders. However, it’s important to review local regulations before using Polymarket to ensure compliance with your jurisdiction’s laws.
Fortunately, US readers have alternatives like Kalshi or actual sportsbook apps if available in their state.
Kalshi: A Legal Alternative to Polymarket
It’s a bummer that Polymarket isn’t legal in the US. But the good news? (Other than the fact that Polymarket is still usable and generally well-liked) A legal, CFTC-approved alternative exists.
Enter Kalshi. Like Polymarket, this legal predictions market lets you make trades across sports, politics, pop culture, and more.
Kalshi vs. Polymarket: Key Differences
| Feature | Polymarket | Kalshi |
| Legal in the U.S.? | ❌ No | ✅ Yes |
| Crypto-Based? | ✅ Yes | ❌ No |
| User-Driven Predictions? | ✅ Yes | ✅ Yes |
| Ease of Use? | Moderate | Moderate |
As you can see, both platforms have their strengths. The key difference is their legality, so make sure the one you pick is legal in your area before you use it.
If you’re in the US and want to use something other than Kalshi, you can usually sign up for sportsbook promos as long as you’re in a legal sports betting state.
Polymarket Pros and Cons
As is the case with all predictions sites, and truly most things in life, there are some key positives and negatives to evaluate when getting started with Polymarket. Let’s take a look at some of the most important ones to consider.
✅ Pros:
- Competitive pricing due to user-driven model
- Unique prediction markets beyond sports
- Simple interface for crypto-based trading
❌ Cons:
- Not legal in the U.S.
- Requires cryptocurrency for deposits
- Limited offerings in some sports
Another alternative to Polymarket is Manifold, which operates under a social sports trading system.
Sports Predictions at Polymarket
Polymarket is best known for making predictions when it comes to things like politics, pop culture, and other news events, but they’ve been in the sports field for a while. In fact, the Polymarket sports market is constantly growing, giving traders more options than ever.
What is a Crypto Sports Prediction?
A crypto sports prediction differs from a traditional sports bet in a couple of key ways. The most obvious stems right from the name: you’re wagering cryptocurrency instead of US dollars or whatever currency exists in the jurisdiction in question. This means prices aren’t set by a sportsbook but rather by market demand.
For example:
- If 13% of total money is placed on an outcome, its price is 13 cents per share.
- If the prediction is correct, it pays out $1 per share, ending up in an 87-cent profit per share.
This system allows fluid pricing based on real-time market sentiment.
Read More: Crypto.com Promo Code
How to Trade on Sports at Polymarket
The trading process is simple:
- Pick a sport and event to predict.
- Fund your account with USDC cryptocurrency.
- Decide on an entry price for your prediction.
- Invest and wait for the outcome.
If your prediction is correct, you receive winnings automatically. Otherwise, the funds are lost, and you move on to the next trade.
Banking Experience at Polymarket
Polymarket is a fully cryptocurrency-based platform. Because of this, users need to:
- Set up an approved crypto wallet.
- Purchase USDC (a stablecoin pegged to the U.S. dollar).
- Transfer USDC to Polymarket for trading.
- Withdraw profits by converting USDC back to dollars.
Sports Offerings at Polymarket
Polymarket’s growing sports market include NFL, MLB, NBA, NHL, college football, UEFA Champions League, English Premier League, Formula 1, MMA, and more.
Other Prediction Markets on Polymarket
Beyond sports, this website lets users place predictions on politics, finance, entertainment, and global events, which is one of the biggest perks of using sites like this one rather than traditional betting sites. For example, trading on events like the potential sale of TikTok before a specific deadline can have major implications on market movements.
You can make predictions on things like:
- U.S. Presidential Elections
- Academy Awards & Box Office results
- Tech industry trends
- Policy changes (like the renaming of the Gulf of Mexico to the Gulf of America)
Responsible Gambling on Polymarket
Even though Polymarket isn’t a traditional betting site, responsible gambling is crucial. To stay in control, we recommend you:
- Only trade with what you can afford to lose.
- Take breaks if the platform stops being fun.
- Seek help if needed: Call 1-800-GAMBLER or visit GamTalk.org.
Customer Support at Polymarket
Polymarket has one main customer support option—email:
📧 hello@polymarket.com.
Fortunately, the support team is super responsive and helpful, making sure users get the assistance they need.
Robinhood is another platform with good customer service—stay tuned as its sports trading platform might come to the US soon.
Final Thoughts on the Polymarket Promo Code
If you enjoy sports betting but want to cut out the intermediary of a sportsbook, Polymarket could be the place for you. The user-driven model ensures fair pricing and sensitivity to movement in the market.
However, its legal status in the U.S. remains a concern, so users should weigh the risks of trading on an unregulated platform.
If this is a priority, think about playing with Kalshi! There are also sportsbooks, but if online sports betting isn’t legal in your state, try DFS or social sportsbooks.
Polymarket Promo Codes FAQs
We hope that you’ve learned plenty about getting started with Polymarket through the sections above, but if there’s anything you’re still wondering, read on.
Is Polymarket legal in the US?
No. The CFTC took action against Polymarket for running an unregistered derivatives exchange, making the platform illegal in the US at the moment.
Is Kalshi better than Polymarket?
In short, it depends on your needs. Both platforms offer similar features, but Kalshi is fully legal in the U.S., which may be a deciding factor.
What is the Polymarket promo code?
Currently, no Polymarket promo codes exist, but daily rewards offer extra value.
Does Polymarket have sports betting?
Polymarket lets you make predictions on sports events, so while it’s not technically betting, it lets you get in on big futures events and even specific props.
How long has Polymarket been around?
Polymarket launched in 2020 but has recently made a major push to expand further into the field of sports.
Are there taxes or fees when using Polymarket?
Yes. Polymarket charges a 1% trading fee, plus potential cryptocurrency transaction fees. Profits won on the site are taxable over a certain amount—check out the regulations where you live and be sure to contact a professional if you’re unsure on how to proceed.