Tl;dr: Due to rising Ethereum transaction fees and Polymarket usage, deposits and withdrawals have been experiencing regular delays. We hear our community’s suggestions and are tirelessly working on solutions, outlined in this post, to remedy the situation.

Dear Polymarket community,

We’d like to start by wishing you all a happy New Year. In 2020, Polymarket experienced exponential growth at a level unprecedented for any fully on-chain consumer application, and we are enormously appreciative of all of you for using and contributing to our platform. …

Question: “Will Trump win the 2020 U.S. presidential election?”

Description: “This is a market on if Donald Trump will win the 2020 US presidential election. This is not about the popular vote — it’s particularly about if Trump will win the election, as defined by the electoral college system, and set to still be president come next term. Market will resolve to “Yes” if Donald Trump receives the required number of electoral votes to win the presidency, whenever it is called. If Joe Biden or any other candidate is declared the winner of this election officially, this market will resolve to “No”. Note: If the election winner is not declared on election night, this market will not resolve until a winner is confirmed. The resolution source will be https://www.cnn.com/election/2020 CNN’s 2020 Election page: Additional note: in the event of conflicting sources between CNN and WSJ (https://www.wsj.com/livecoverage/campaign-wire-election-2020) or Associated Press (https://apnews.com/hub/election-2020), the market will only be resolved once there is a definitive winner. …

Introduction

Welcome! We’re excited that you’re trying out Polymarket! In this short guide we’ll walk you through how to make your first trade on Polymarket and use key features. We provide a thorough overview, but feel free to just skim and follow the pictures if you only want the instructions.

First, a little bit of background: Polymarket is a decentralized information markets platform that lets people trade real-money markets on the outcomes of the most-highly debated current events, and follow the odds to garner accurate insights about the future. Users buy or sell Outcome Shares, which can be redeemed for $1 if the outcome is resolved as correct, and become worthless if it’s incorrect. Owners of outcome shares are never locked in and can sell their position at any time. …

Polymarket is an information markets platform that lets you bet on the world’s most highly-debated topics (ie Coronavirus, Politics, the news, etc), and turns the trading activity into actionable insight that helps people make better decisions for their future.

On June 16th, 2020, we launched the Polymarket Beta out of stealth. The 3 months since have been surreal. What started as a deep conviction in the viability and social value of information markets manifested itself as a product that garnered real usage and produced meaningful market-based insights.

We knew when we launched Polymarket that it was still an early version of what we had in mind, with high friction for users in the form of Metamask-only login, obscene ETH transaction fees, and limited liquidity. Despite all this, early user adoption far exceeded our expectations, and has afforded us the support necessary to grow Polymarket into the full-fledged, globally accessible markets platform that we had envisioned. …