Polymarket: How do payouts work?

On Polymarket, users can wager POLY tokens on real-world events, with payouts distributed after the event's conclusion based on the odds and outcome.

Feb 07, 2025 at 12:54 pm

Key Points:

• Polymarket is a decentralized prediction market platform that allows users to bet on the outcomes of real-world events.
• Payouts on Polymarket are determined by the outcome of the event and the amount of money wagered on each side.
• Users can place bets using the platform's native token, POLY.
• Payouts are typically distributed within a few days of the event's conclusion.
• Polymarket also offers a dispute resolution system to handle disputes over the outcome of events.

How do payouts work on Polymarket?

1. Placing a bet: To place a bet on Polymarket, users must first create an account and deposit POLY tokens into their account. Once they have deposited funds, they can browse the available markets and select the event they want to bet on. Users can then choose the outcome they believe will happen and enter the amount of POLY they want to bet.
2. Calculating payouts: Payouts on Polymarket are determined by the outcome of the event and the amount of money wagered on each side. If the outcome that a user bet on occurs, they will receive a payout equal to the amount of their bet multiplied by the odds that were offered when they placed the bet. If the outcome that a user bet on does not occur, they will lose their bet and will not receive a payout.
3. Distributing payouts: Payouts on Polymarket are typically distributed within a few days of the event's conclusion. Once the event has concluded, the platform will calculate the payouts for each winning bet and distribute the winnings to the users who placed those bets.
4. Dispute resolution: Polymarket also offers a dispute resolution system to handle disputes over the outcome of events. If a user believes that an event was incorrectly resolved, they can file a dispute with the platform. The dispute will then be reviewed by a team of moderators, who will determine the correct outcome of the event. If the moderators determine that the event was incorrectly resolved, they will adjust the payouts accordingly.

FAQs:

• What is the minimum amount I can bet on Polymarket?

The minimum amount that you can bet on Polymarket is 0.01 POLY.

• What is the maximum amount I can bet on Polymarket?

There is no maximum amount that you can bet on Polymarket, but the amount that you can bet on each outcome is limited by the amount of money that has been wagered on that outcome.

• How often are payouts distributed?

Payouts on Polymarket are typically distributed within a few days of the event's conclusion.

• What happens if I disagree with the outcome of an event?

If you disagree with the outcome of an event, you can file a dispute with the platform. The dispute will then be reviewed by a team of moderators, who will determine the correct outcome of the event. If the moderators determine that the event was incorrectly resolved, they will adjust the payouts accordingly.