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Frequently asked questions
What is a prediction market?
A prediction market is a platform where users can trade shares based on the outcomes of future events, allowing collective insights to forecast real-world happenings. At Poly Insights, these trades are secured and settled using cryptocurrency.
Is it safe to use crypto to bet on outcomes?
Yes. Poly Insights is built on blockchain technology to ensure transparent, secure transactions and trustless settlement of bets, minimizing risks associated with traditional centralized platforms.
How do I place a bet on Poly Insights?
Simply create an account, choose an event to bet on, and use supported cryptocurrencies to place your wager on the outcome you believe will happen. Markets have clear yes/no or multiple-choice outcomes.
How do I withdraw my winnings?
Once the event has concluded and the outcome is verified, winning bets are automatically credited. You can withdraw your crypto winnings through your Poly Insights account to your personal wallet at any time.