Q1: What is Polymarket?
Polymarket is a trading platform based on “event outcomes.” Users buy and sell YES/NO contracts to make predictions about future events, earning profits once the outcome is determined.
Q2: What is the relationship between Gate and Polymarket?
Gate has partnered with Polymarket to launch the Polymarket product and is the world’s first CEX to integrate with Polymarket. Polymarket provides the event markets, trade matching, and settlement capabilities, while Gate offers the trading interface and account system. Users can participate directly using their Gate account—no on-chain operations required.
Q3: What are the advantages of participating in Polymarket on Gate?
Compared to on-chain prediction markets:
- No wallet or gas needed: participate directly using your Gate account
- Spot USDT trading: no need to bridge assets or perform on-chain operations
- Simpler trading experience: full order and position management
Compared to complex derivatives:
- Only need to predict whether the event will occur
- No complex trading knowledge required
Q4: What login and funding methods are supported?
Gate supports two ways to participate:
Option 1: Gate Account Login
- Participate directly using your Gate account
- USDT is deducted from your spot account
- No on-chain operations required
- Ideal for users who prefer a simple process
Option 2: Wallet Login
- Log in with a Web3 wallet
- Use USDC on the Polygon network
- Funds are settled on-chain
- Suitable for users familiar with on-chain operations
Q5: How do I participate in trading?
Getting started is very simple:
- Select a Polymarket event
- Choose YES or NO
- Enter the amount and confirm your order
- You can sell at any time or hold until settlement
- Trading prices fluctuate in real time based on market supply and demand
Q6: What does the price on Polymarket represent?
The price reflects the market’s expectation of the event’s probability. For example: YES price = 0.65 means the market estimates about a 65% chance of the event occurring.
Q7: How do you profit on Polymarket?
Option 1: Hold until settlement
- If your prediction is correct, each contract settles at 1 USDT
- Position profit = 1 – purchase price
- If your prediction is wrong, the contract is worth 0
Option 2: Trade price fluctuations
- If market sentiment changes and the price rises:
- Buy low
- Sell high
- No need to wait for the final result
Q8: When does the market settle?
Each market has clear rules and settlement conditions. Once the event outcome is determined, the system will automatically settle. Winning contracts are settled at a 1:1 ratio with stablecoins.
Q9: How does settlement work on Polymarket?
Settlement rules are straightforward:
- Correct outcome contract → 1 unit = 1 USDT
- Incorrect outcome contract → worth 0
After settlement, funds are automatically returned to your spot account.
Q10: Can I sell at any time?
Yes. While trading is open, you can:
- Sell part of your position
- Sell your entire position
- Or continue holding
However, once the market closes for trading, you can no longer buy or sell and must wait for settlement.
Q11: Are there trading fees?
Yes, prediction market trading does incur fees. View prediction market fee rates
Q12: Can I participate using a Web3 wallet?
Yes. Users can choose:
- Exchange account login (USDT)
- Web3 wallet login (Polygon USDC)
Q13: What types of events are available on Polymarket?
Polymarket markets may include: crypto industry events, price milestones, major sports events, technology or industry developments, key market trends, and more. The platform will continue to launch new event markets.
Q14: Why do prices keep changing?
Prices are determined by market supply and demand. When more users buy in one direction, the price for that direction rises.
Q15: Can I buy both YES and NO at the same time?
Yes. Some users use hedging or short-term trading strategies to hold positions in both directions simultaneously.
Q16: Is Polymarket suitable for beginners?
Yes. Compared to options or futures trading, Polymarket only requires you to predict whether an event will happen.
Q17: What are the risks of participating in Polymarket?
Main risks include:
- Loss of principal due to incorrect predictions
- Market volatility may cause unrealized losses
- Some events may enter delayed settlement due to disputes
Please manage your positions wisely and avoid high-risk operations.
Q18: What if there is a dispute over an event outcome?
Each market has clear data sources and settlement rules. In case of a dispute, the market may enter a delayed settlement process until the outcome is confirmed. For details, refer to the official documentation.
Q19: Will Polymarket continue to launch new markets?
Yes. Gate will continue to introduce new Polymarket event markets for users to participate in.
Q20: How are prices formed?
- Prices are determined by market supply and demand.
- The more people buy YES, the higher the YES price
- The more people buy NO, the higher the NO price
- Prices essentially reflect the market’s collective judgment of probability.
Q21: Why does my market order appear in the order book and can’t be canceled?
Gate’s order matching uses Polymarket’s matching engine. Your order is submitted to Polymarket and matched on-chain. During periods of network congestion, on-chain confirmation times may be longer. Don’t worry—your market order has already been submitted for matching. Please wait patiently and refresh to update the status.
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
