Polymarket vs. Polling
Source: https://docs.polymarket.com/polymarket-learn/FAQ/polling
How is Polymarket better than traditional / legacy polling?
While legacy polls capture a snapshot of opinion at a specific moment, they are often outdated by the time they're published—sometimes lagging by several days. In contrast, Polymarket reflects real-time sentiment as events unfold, offering continuous updates and a more dynamic understanding of public opinion.
Studies show that prediction markets like Polymarket tend to outperform traditional pollsters because participants are financially incentivized to be correct. This creates more thoughtful, data-driven predictions. Research by James Surowiecki, author of The Wisdom of Crowds, has highlighted how markets like these can be more accurate than polls due to the "collective intelligence" of diverse participants. Additionally, the Iowa Electronic Markets, an academic research project at the University of Iowa, has consistently demonstrated the superior accuracy of prediction markets like Polymarket over traditional polling in predicting political outcomes.
Polymarket provides a constantly updating picture of public sentiment, offering a degree of accuracy and timeliness that traditional pollsters, who typically report data that is days old, simply cannot match.
Recover Missing Deposit
Source: https://docs.polymarket.com/polymarket-learn/FAQ/recover-missing-deposit
If you deposited the wrong cryptocurrency on Ethereum or Polygon, use these tools to recover those funds.
Recover on Ethereum
<Note>Use this tool if you deposited the wrong token on Ethereum.</Note>
Go to https://recovery.polymarket.com/ and sign in with your Polymarket account or connect the wallet you use on Polymarket.
Select the asset you incorrectly deposited.
You’ll then see the asset balance displayed, and will have the ability to recover those funds to your specified wallet.
Recover on Polygon
<Note>Use this tool if you deposited the wrong token on Polygon.</Note>
Go to https://matic-recovery.polymarket.com/ and sign in with your Polymarket account or connect the wallet you use on Polymarket.
Select the asset you incorrectly deposited.
You’ll then see the asset balance displayed, and will have the ability to recover those funds to your specified wallet.
Can I Sell Early?
Source: https://docs.polymarket.com/polymarket-learn/FAQ/sell-early
Yes, you can sell or close your position early.
You may sell shares at any point before the market is resolved by either placing a market order to sell shares at the prevailing bid price in the orderbook, or by placing a limit order for how many shares you wish to sell and at what price.
The limit order will only be executed if/when there is a willing buyer for your shares at the price you set.
How Do I Contact Support?
Source: https://docs.polymarket.com/polymarket-learn/FAQ/support
Polymarket offers technical support through our website chat feature, and through Discord.
To contact support through our website:
Navigate to Polymarket.
Click the blue chat icon in the bottom right and start your chat session.
For technical support on Discord:
Navigate to the Support sidebar and click #open-a-ticket. This will open a private conversation with a Polymarket team member.
Be aware of numerous scams and malicious links. Polymarket team members will never DM you first or ask for private keys or personal information. Polymarket team members are identified in blue font on Discord.
Does Polymarket Have a Token?
Source: https://docs.polymarket.com/polymarket-learn/FAQ/wen-token
Polymarket does not have a token.
All trading and liquidity rewards are in USDC, a USD-pegged stablecoin.
Polymarket has not announced plans for any airdrop or token generation event. Be wary of scams claiming airdrops, giveaways, etc.
If in doubt, refer to official Polymarket communication channels:
- Web: https://polymarket.com
- Twitter / X: https://x.com/polymarket
- Discord: https://discord.gg/polymarket
What is a Prediction Market?
Source: https://docs.polymarket.com/polymarket-learn/FAQ/what-are-prediction-markets
How people collectively forecast the future.
A prediction market is a platform where people can bet on the outcome of future events. By buying and selling shares in the outcomes, participants collectively forecast the likelihood of events such as sports results, political elections, or entertainment awards.
How it works
Market Prices = Probabilities: The price of shares in a prediction market represents the current probability of an event happening. For example, if shares of an event are trading at 20 cents, it indicates a 20% chance of that event occurring.
Making predictions
If you believe the actual probability of an event is higher than the market price suggests, you can buy shares. For instance, if you think a team has a better than 20% chance of winning, you would buy shares at 20 cents. If the event occurs, each share becomes worth $1, yielding a profit.
Free-market trading
You can buy or sell shares at any time before the event concludes, based on new information or changing circumstances. This flexibility allows the market prices to continuously reflect the most current and accurate probabilities.
Trust the markets
Prediction markets provide unbiased and accurate probabilities in real time, cutting through the noise of human and media biases. Traditional sources often have their own incentives and slants, but prediction markets operate on the principle of "put your money where your mouth is." Here, participants are financially motivated to provide truthful insights, as their profits depend on the accuracy of their predictions.
In a prediction market, prices reflect the aggregated sentiment of all participants, weighing news, data, expert opinions, and culture to determine the true odds. Unlike media narratives, which can be swayed by various biases, prediction markets offer a transparent view of where people genuinely believe we're heading.
Why use prediction markets?
Prediction markets are often more accurate than traditional polls and expert predictions. The collective wisdom of diverse participants, each motivated by the potential for profit, leads to highly reliable forecasts. This makes prediction markets an excellent tool for gauging real-time probabilities of future events.
Polymarket, the world's largest prediction market, offers a user-friendly platform to bet on a wide range of topics, from sports to politics. By participating, you can profit from your knowledge while contributing to the accuracy of market predictions.
Why Crypto?
Source: https://docs.polymarket.com/polymarket-learn/FAQ/why-do-i-need-crypto
Why Polymarket uses crypto and blockchain technology to create the world’s largest Prediction market.
Polymarket operates on Polygon, a proof-of-stake layer two blockchain built on Ethereum. All transactions are denominated in USDC, a US-dollar pegged stablecoin.
This architecture offers several advantages over traditional prediction markets: