The emergence of U.S. based prediction markets is underway, and a well-known name is hinting at a return to reclaim the top position.
After almost four years of being banned, Polymarket, a cryptocurrency-based platform from New York, is set to relaunch in America soon.
Polymarket is offering a hefty welcome promotion for any new users who create an account:
The platform’s popularity increased largely due to its ability to push moments of heightened public interest to the forefront. Future Mayoral Election results, major pop culture debates, and breaking news stories have all developed their own Polymarket.
In a technology-driven society, where clickbait and real news are sometimes hard to distinguish, prediction markets like Polymarket have become an additional source of information and guidance on trending news headlines.
The Polymarket application is now available for download, and those who want instant access upon launch can join the waitlist. There is no official launch date at the time of this writing.
What can I use the Polymarket referral code on?
Polymarket claims to be “the world’s largest prediction market,” where users can “trade politics, news, culture, sports & tech.”
Anything from entertainment award shows and political elections to projected opening-week sales of the next hit movie are among the many events that will soon be available for the public to cash in on.
With the Final Four right around the corner in March Madness 2026 and the NBA season in its latter stages, basketball trades are likely to be popular on the crypto-based Polymarket.
How the Polymarket referral code works
Polymarket is providing readers of the Post a $20 bonus promo when they create an account using the Polymarket promo code NYPMAX.
All you have to do is deposit $20 to get a $20 bonus and use our code NYPMAX to skip the waitlist.
What makes Polymarket different from sportsbooks?
Polymarket is distinct from sportsbooks and other prediction market platforms. Prediction markets operate under federal financial regulations rather than under state gaming commissions, as do common sportsbooks.
A second difference is that these contracts are traded as stock shares, Exchange-Traded Funds (ETFs), bonds, and mutual funds, rather than currency placed as bets at an online or in-person sportsbook.
Instead of wagering on sports game outcomes or moneylines, users will eventually be able to trade on real-world events such as political talking points, movie sales, and even when public figures like Elon Musk post on social media.
For example, if money comes in on ‘A Minecraft Movie’ to be the highest-grossing movie in 2025, the price on “Yes” will increase, while the price on “No” will decrease.
Within the market, the public can then sell their “Yes” or “No” shares at any moment, or simply wait until the event ends to cash in on winning shares for $1 apiece.
Can you trade on sporting events at Polymarket?
Yes, Polymarket currently supplies contracts that you would have access to at common sportbooks such as game outcomes (moneyline) as well as team, individual player accolades (futures).
On Polymarket, users can trade shares of an outcome via contracts, which is similar to betting on a FanDuel or DraftKings Sportsbook. Like other sports-based wagering platforms, odds change in real time as other traders decide to bet.
Unlike sportsbooks, you are not going up against “the house”, instead on the opposite of each trade is another user within the Polymarket platform.
Polymarket users can buy contracts on the following:
- NBA MVP
- MLB World Series winner
- Premier League winner
An example of how Polymarket lists probability
| Team | Yes/No probability |
|---|---|
| Oklahoma City | 47% |
| Denver | 9% |
| Houston | 7% |
| New York | 7% |
How do trades settle on Polymarket?
Shares are made when two sides come to an agreement on odds, the agreement amount or price willing to pay must equal to $1.
Prices (odds) on Polymarket represent the current probability of an event happening.
For example, in a market predicting whether the Los Angeles Rams will win the 2025 Super Bowl, if the “Yes” shares are trading at 20 cents, that indicates a 20% chance of the Rams winning. These odds are based on the prices at which other Polymarket participants are willing to buy and sell those shares.
Who are Polymarket’s competitors?
Similar to the AI boom that marked the start of the 2020s, prediction markets are now gaining the benefit of the doubt from users due to their rapid popularity and accessibility.
Polymarket’s main competitor is Kalshi, a prediction market that also allows users to trade on real-world events. The two continue to go head-to-head, each developing social media campaigns to drive user registration.
Other prediction markets
- Novig
- Fanatics Markets
- FanDuel Predicts
- RobinHood
How long has Polymarket been around?
Polymarket was founded in 2020 by former New York University student, Shayne Coplan and saw instant success. It was initially founded to operate as a prediction market using smart contracts on the Polygon blockchain, or USDC (USD Coin).
A Commodity Futures Trading Commission (CFTC) settlement barred Polymarket in January 2022. The CFTC fined Polymarket $1.4 million for operating without proper registration. Its launch allowed unregistered contracts before it became a Designated Contract Market (DCM) or a Swap Execution Facility (SEF).
The blockchain prediction market expanded operations overseas to serve the international market following its expulsion from the U.S.
Fast forward to October 2025, Polymarket received a nearly $2 billion investment from the Intercontinental Exchange (ICE), which valued the company at $8 billion.
After being banned for nearly four years, Polymarket, a New York cryptocurrency-based platform, is set to relaunch. One of the world’s leaders in the prediction market landscape acquired QCX, LLC and QC Clearing LLC (“QCEX”) in July 2025. That paved the way for a return to the U.S. after a nearly four-year hiatus.
What professional sports leagues have partnerships with Polymarket?
In October 2025, the NHL announced multi-year partnerships with both Polymarket and Kalshi.
In doing so, they agreed to sell their sponsorship rights to both prediction market platforms. Upon agreement, merchants and brokers of both are allowed to use the NHL logo on their platforms and products and become the league’s official designated prediction market partners.
In November 2025, the UFC agreed to a deal with Polymarket that’ll become official on Jan.1.
The partnership with Polymarket will include a Fan Prediction Scoreboard within major fight broadcasts. It will also detail broadcast integration and social media content sponsorship.
Polymarket Terms & Conditions
Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH.
Why Trust New York Post Betting
Mike Turay is a sports journalist and editor who closely follows the NBA, NFL, college sports and UFC. He has demonstrated expertise in both NBA and NFL player prop bets for nearly three years. Mike is also highly knowledgeable about the sportsbook offer landscape, frequently trying and reviewing the latest apps and sites.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: nypost.com
