Polymarket FAQ
Last updated · how we verify
The three things most people get wrong: Polymarket does not charge a 2% fee (it is a per-category taker fee that peaks at 50¢, and makers pay nothing); it is legal in the US and has been since 2 December 2025; and the gas token is POL, not MATIC. Everything else is below.
Every question, answered directly
What are Polymarket's fees?
No flat percentage. The international exchange charges fee = shares × feeRate × price × (1 − price), with feeRate set per category: Geopolitics free, Politics and Finance 0.04, Crypto 0.07. The fee peaks at a 50¢ price — $1.75 per 100 Crypto shares. Makers pay nothing. Full breakdown.
Does Polymarket take 2% of my profits?
No. That claim is wrong and widespread. There is no profit share and no flat percentage fee of any kind.
Is Polymarket legal in the US?
Yes, since 2 December 2025, through QCX LLC — CFTC-designated contract market (DCM) with affiliated derivatives clearing organization (DCO). Details.
Is Polymarket legal in my state?
Roughly roughly 43 of 50 states have full access. 7 are in litigation. Minnesota's ban is blocked in court. Check your state.
Is there a Polymarket app?
Yes on iOS — the US waitlist was removed 12 May 2026. Android is still rolling out behind a waitlist, and there is no US web platform. App status.
Can I use Polymarket from the US on the international exchange?
No. It blocks US IP addresses. Use Polymarket US, which exists for exactly this purpose. VPN workarounds breach the terms and jeopardise withdrawals.
What is the minimum deposit?
$3 on low-fee networks, $10 over Ethereum. More.
Do I need MATIC for gas?
No — it is called POL now. POL replaced MATIC as the native Polygon PoS gas token in September 2024. The MATIC→POL migration was reported 99% complete on 3 September 2025. Holdings on Polygon PoS converted automatically 1:1; MATIC on other chains migrates 1:1 via Polygon Portal.
How long do withdrawals take?
Seconds on Polygon; 1–3 business days for the bank leg. Polymarket charges no withdrawal fee. Guide.
Can I fund with a debit card?
Yes, through integrated third-party on-ramps, at roughly 2–4%. Sending USDC on Polygon directly costs a fraction of a cent instead. Funding options.
How are markets resolved?
Through the UMA Optimistic Oracle. Market resolution is proposed and, if uncontested, finalised. Disputes escalate to UMA token-holder voting. Dispute process.
Can I make money as a market maker?
Makers pay no fee and earn 20–25% of matched taker fees, paid daily in USDC directly to your wallet once $1 accrues.
How big is Polymarket?
$10.57 billion in March 2026, $10.8 billion in June 2026, $26.2 billion across Q1. Reported valuation $15 billion; ICE invested $600 million.
Are winnings taxable?
Generally yes, though treatment of event contracts differs by jurisdiction and is not settled everywhere. What we know — and take professional advice.
Is there a Polymarket token or airdrop?
No official token has been confirmed. Treat any "POLY token" claim as a scam until Polymarket announces otherwise. More.
Is there an API?
Yes — the Gamma API at https://gamma-api.polymarket.com is public and needs no authentication. Details.
Availability varies by jurisdiction. 18+. Event contracts carry risk of loss.
You appear to be in the US. Polymarket’s international exchange blocks US IP addresses — use Polymarket US, the CFTC-regulated exchange, instead. See what’s available in your state.
Go deeper
Fees
The formula and both schedules.
By state
All 51 US jurisdictions.
Withdrawals
Step by step to your bank.
Guides
Wallet setup, funding, troubleshooting.
All figures on this page verified 17 August 2026 against primary sources where reachable. Unconfirmed values are marked.