# What Is Polymarket?

Polymarket is the world's largest prediction market platform, where you trade on **future events**. Instead of stocks or commodities, you trade on the **outcomes of real-world questions**. Polymarket does this through a type of asset called **event contracts**.

### What Are Event Contracts? <a href="#what-are-event-contracts" id="what-are-event-contracts"></a>

Event contracts are yes-or-no trades on whether something will happen. Each contract pays **$1 if the event occurs and 0¢ if it does not**.

For example, a market might ask, *Who will win the New York City Mayoral Election?* If you buy Zohran Mamdani at **87¢** and he wins, each share pays **$1**. If he loses, the share pays **$0**.

You can trade shares with other users until the outcome is known. Instead of speculating on whether a stock price will rise or fall, you are trading on whether an event takes place.&#x20;

### Why Trade on Polymarket?

Polymarket covers a wide range of topics:

* **Politics**: Who will win the presidency? Which party will control Congress?
* **Economy**: Will the Fed cut rates? Will the U.S. enter a recession in 2025?
* **Crypto**: What price will Bitcoin reach in December? Will Metamask launch a token in 2025?
* **Culture**: Who will be the top Spotify artist in 2025? Who will win the Nobel Peace Prize?

### Bet on Your Beliefs

Polymarket turns knowledge and opinions into trades:

* **Sports fans** can trade on NFL games and season outcomes.
* **Politics watchers** can trade on elections and debates.
* **Crypto traders** can speculate on Bitcoin prices and token launches.
* **News followers** can trade on cultural events and major headlines.

**If your prediction is right, you profit.**


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