Polymarket is a decentralized prediction market on Polygon
What is Polymarket?
Polymarket is a decentralized trading protocol on Polygon, and it taps into the Uma oracle for data infrastructure supply. To deposit into Polymarket, the users can either use centralized exchanges such as Binance, or use decentralized wallets like Metamask. Then they can predict future market trends and enter trades accordingly. They can also leave the trade if it goes south, or take profits other things being equal.
One of the most popular use cases is the US 2024 election forecasts.