How to buy/sell Polymarket shares?

Key Points

• Understanding the Nature of Polymarket Shares
• Setting Up a Polymarket Account
• Funding Your Polymarket Account
• Purchasing Polymarket Shares
• Selling Polymarket Shares
• Troubleshooting Common Issues

ArticleUnderstanding the Nature of Polymarket Shares

Polymarket shares represent financial instruments that allow users to speculate on the outcomes of future events, such as election results, economic indicators, and political developments. Shares derive their value from the likelihood of specific outcomes occurring, and traders can profit or lose based on their predictions.

Setting Up a Polymarket Account

To trade Polymarket shares, you'll need to establish an account on the Polymarket platform (https://polymarket.com/). The process involves providing your email address, creating a username, and setting a strong password. Once your account is registered, you can proceed to funding it.

Funding Your Polymarket Account

Polymarket supports deposits in both Ethereum (ETH) and USD Coin (USDC), with ETH being the primary currency used for trading. To fund your account with ETH, you'll need to transfer ETH from your external wallet to your Polymarket account address. For USDC deposits, you can use a compatible wallet that supports the ERC-20 standard.

Purchasing Polymarket Shares

Once your account is funded, you can start purchasing Polymarket shares. Locate the event or question you want to speculate on and click on it. This will display the available markets for that particular event, each representing a different potential outcome. Select the market you want to participate in and enter the amount of ETH or USDC you wish to use for the purchase.

• If you believe the outcome you chose is more likely to occur, you can purchase shares at a premium.
• If you think the outcome is less likely to happen, you can sell shares at a discount.

The platform will automatically match your order with a suitable counterparty, and the transaction will be executed based on the market price.

Selling Polymarket Shares

Similar to purchasing, selling Polymarket shares involves navigating to the specific market for the event or question you're interested in. Select the market and indicate the number of shares you want to sell, along with the price you're willing to accept.

Once again, the platform will attempt to match your order with an appropriate buyer. If a match is found, your shares will be sold at the agreed-upon price.

Troubleshooting Common Issues

• Insufficient funds: Ensure that you have enough funds in your Polymarket account balance to cover your trades.
• Connectivity errors: Verify that you have a stable internet connection. If issues persist, try using a different browser or clearing your browser's cache.
• Market unavailability: If you're unable to find a specific market for the event or question you're interested in, it may not be available at the time due to platform or market restrictions.

FAQsWhat are the different types of Polymarket shares?

Polymarket shares come in two primary types:

• YesNo shares: Represent the likelihood of "yes" or "no" outcomes.
• Prediction shares: Allow traders to speculate on specific ranges or values of an event or outcome.

How can I track the performance of my Polymarket shares?

Polymarket provides a dashboard where you can monitor your portfolio's performance, including the status of your open positions, historical trades, and overall profit/loss.

What are the fees associated with Polymarket trading?

Polymarket charges a 1% fee on both the purchase and sale of shares. This fee covers platform maintenance and operating costs.

How is the value of Polymarket shares determined?

The value of Polymarket shares is determined by a combination of factors, including market demand, the likelihood of the underlying event or outcome occurring, and the actions of traders within the platform's ecosystem.