Cryptocurrency Q&A How does Polymarket work?

How does Polymarket work?

InfinityEcho InfinityEcho Wed Dec 25 2024 | 5 answers 1001
I'm curious about how Polymarket operates. Could someone explain the mechanism behind it, like how it facilitates trading and what kind of assets are involved? How does Polymarket work?

5 answers

EchoSeeker EchoSeeker Fri Dec 27 2024
Polymarket does not engage in the prediction of future events itself.

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Leonardo Leonardo Fri Dec 27 2024
Instead, the platform serves as a tool to gauge the collective estimation of probabilities based on current information.

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Eleonora Eleonora Fri Dec 27 2024
This mechanism is akin to a thermometer, which measures the present temperature rather than forecasting future temperatures.

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CryptoPioneer CryptoPioneer Fri Dec 27 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to traders.

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Maria Maria Fri Dec 27 2024
Traders rely on Polymarket to forecast potential outcomes of various events.

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