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Is it Legit?

Is Polymarket Legit?

Safety, regulation, and legitimacy analysis.

Yes, Polymarket is the industry leader in decentralized prediction markets.

Why it's trusted:

  1. Volume: It processes hundreds of millions of dollars in volume monthly.
  2. Backing: It is backed by top investors like Founders Fund (Peter Thiel), Vitalik Buterin (Ethereum Founder), and others.
  3. Non-Custodial: They don't hold your money. Your funds are in smart contracts or your own wallet. Even if the Polymarket website goes down, you can interact with the blockchain directly to withdraw funds.
  4. Oracle Resolution: They don't arbitrarily decide winners. They use UMA, a decentralized dispute resolution system.

Is it legal?

Polymarket blocks users from the United States (IP block) due to a settlement with the CFTC. Users in most other jurisdictions can trade freely.