Why 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:

Stable Value.#

Polymarket denominates trades in USDC, which is pegged 1:1 to the US Dollar. This shields you from the volatility associated with other cryptocurrencies and offers a stable medium for trading.

Regulated Reserves#

USDC operates in adherence to regulatory standards and is backed by reserved assets.

Transparency#

Blockchain technology facilitates transparency, as all transactions are recorded publicly.

Global Reach#

Research has shown that wide availability of prediction markets increases their accuracy. Using decentralized blockchain technology removes the need for a central authority in trading, which fosters fairness and open participation around the globe.