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Polymarket (POLM) converter and calculator

Polymarket (POLM) converter and calculator

Convert 1Polymarket (POLM) to United States Dollar (USD) equals $ 0 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Polymarket(POLM) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 POLM at a value of 1 POLM for 0 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

About Polymarket (POLM)

What Is Polymarket?

Polymarket is the world's largest decentralized prediction market platform. It allows users to speculate on real-world events using cryptocurrency. Built on the Ethereum and Polygon blockchain networks, Polymarket provides a transparent, secure platform where users can buy and sell shares that represent the probability of a particular outcome. Polymarket covers a wide range of events, from political elections to sports outcomes and economic forecasts.

The key feature of Polymarket is its use of blockchain technology to ensure transparency and immutability in all transactions. By using stablecoins like USDC for trading, the platform minimizes volatility in transaction values, providing more stability than other cryptocurrency-based platforms. Polymarket’s decentralized nature allows anyone to participate in the prediction markets, making it accessible to users globally.

Who Founded Polymarket?

Polymarket was founded by Shayne Coplan in 2020. Coplan, a young entrepreneur, launched Polymarket to revolutionize prediction markets by leveraging blockchain technology. Under his leadership, Polymarket quickly grew to become the largest decentralized prediction market in the world, securing major investments from prominent figures in the cryptocurrency and venture capital sectors.

Polymarket has raised significant funding across multiple rounds, with backing from venture capital firms like Peter Thiel’s Founders Fund and contributions from high-profile investors such as Ethereum co-founder Vitalik Buterin. Despite facing regulatory challenges, the platform has continued to thrive and expand, especially during globally significant events like the U.S. Presidential elections.

How Polymarket Works

Polymarket operates on a simple principle: users bet on the outcomes of future events by purchasing shares that represent the market’s view of the probability of that outcome. Shares are priced between $0.00 and $1.00, with the price reflecting the event's likelihood. For instance, if the price of a "Yes" share for an election result is $0.72, it means the market assigns a 72% chance to that outcome. If the event resolves in favor of the chosen outcome, each share becomes worth $1.00, providing a profit for the correct prediction. Conversely, incorrect predictions result in the shares becoming worthless.

Polymarket offers different types of prediction markets, including:

  • Binary Markets: Simple yes/no outcomes, such as “Will Candidate X win the election?”

  • Categorical Markets: Multiple outcomes, such as “Which team will win the championship?”

  • Scalar Markets: Markets based on ranges, like “Will the stock price exceed $100 by the end of the year?”

How to Get Started with Polymarket

  1. Sign Up: Create an account using your email or a supported crypto wallet. Ensure you're connected to the Polygon network.

  2. Deposit Funds: Buy USDC on a major exchange and deposit it into your Polymarket account. You can also use a credit card for deposits.

  3. Choose a Market: Explore available markets and select an event to bet on.

  4. Place a Bet: Buy shares based on your prediction of the outcome. You can sell these shares anytime before the market closes.

  5. Withdraw: Cash out your USDC by withdrawing it to your crypto wallet.

This quick process enables new users to start trading and participating in prediction markets easily on Polymarket.




Polymarket to USD conversion rate trend

The price of Polymarket has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of Polymarket: What is Polymarket and how does Polymarket work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
22/11/2024 05:51 today
0.5 BTC
$49,406.99
1 BTC
$98,813.98
5 BTC
$494,069.92
10 BTC
$988,139.84
50 BTC
$4,940,699.2
100 BTC
$9,881,398.4
500 BTC
$49,406,992
1000 BTC
$98,813,984

USD to BTC

Amount22/11/2024 05:51 today
0.5USD0.{5}5060  BTC
1USD0.{4}1012  BTC
5USD0.{4}5060  BTC
10USD0.0001012  BTC
50USD0.0005060  BTC
100USD0.001012  BTC
500USD0.005060  BTC
1000USD0.01012  BTC

Ethereum conversion tables

ETH to USD

Amount
22/11/2024 05:51 today
0.5 ETH
$1,657.99
1 ETH
$3,315.98
5 ETH
$16,579.91
10 ETH
$33,159.82
50 ETH
$165,799.11
100 ETH
$331,598.22
500 ETH
$1,657,991.1
1000 ETH
$3,315,982.2

USD to ETH

Amount22/11/2024 05:51 today
0.5USD0.0001508  ETH
1USD0.0003016  ETH
5USD0.001508  ETH
10USD0.003016  ETH
50USD0.01508  ETH
100USD0.03016  ETH
500USD0.1508  ETH
1000USD0.3016  ETH
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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Polymarket and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Polymarket and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Polymarket in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.