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 Basics

History

Audits & Exploits

"Polymarket is for informational purposes only. We take no custody of anyone's money or cryptocurrency, nor do we host any markets ourselves. Polymarket displays existing markets live on the Ethereum blockchain and is a graphical user interface for interfacing with said smart contracts via Web 3 enabled wallets."

Bugs/Exploits

Governance

Admin Keys

DAO

Self Funding Mechanism

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Tech

  • Whitepaper can be found [insert here]. Seems like they won't have any due to taking the tech from Gnosis.
  • Code can be viewed [insert here].
  • Built on: Ethereum and the Conditional Tokens Framework by Gnosis with an AMM. According to a conversation with a team member in their Telegram chat (9-8-2020), their tech is completely taken from Gnosis, nothing else added.

Transaction Details

How it works

"Polymarket hosts information markets that harness the wisdom of the crowd to accurately forecast the future, empowering speculators to profit from their knowledge and spectators to make better decisions. Free markets are the most effective information aggregators, and Polymarket applies that to the real world. There are 3 roles in Polymarket:

Speculators

Speculators trade shares that represent different outcomes to real world events. If the outcome happens, the share resolves to $1, if it doesn’t, it resolves to $0. The price of a share represents the likelihood that the event occurs. Do you feel confident in a future event? Put your money where your mouth is and get paid for being right!

Spectators

Spectators easily derive actionable insight from market activity that empowers them to more accurately assess the future events that affect them the most, and make better decisions accordingly. Follow relevant markets, track up to date odds for free, and avoid falling victim to fake news.

Liquidity Providers (Beta)

Provide liquidity by committing USDC to a given market’s liquidity pool and earn fees every time someone trades. By providing liquidity you are helping the market produce more accurate information and can withdraw your liquidity at any time. This is in beta and should be used only by those familiar with how Automated Market Makers work."

Fees

Upgrades

Staking

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

  • "All the markets are resolved according to their specified resolution source, at the final discretion of a market integrity committee."

Privacy Method

Compliance

  • Polymarket said to be under investigation by CFTC. The report of the probe comes as the company is said to be in talks to raise money at a nearly $1 billion valuation (23-10-2021).
  • From Bitcoin.com (4-1-2022):

"The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,'” said the derivatives regulator."

Other Projects

Upgrades

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

Funding

Partners 

 (:

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