Prediction Market Tokens

Could you prediction markets to help decide how to guide networks of businesses for better trade?

• Metaculus
• Futarchy
• Kalshi
• Polymarket
• Drift.Trade
• Rugby Prediction
• azuro.org
• Polymarket

Who makes predictions worth paying attention to? What is their process?

Context

• Predictions
• AI Agents
  • Patchwork Naval
• Polygon

Polymarket

Polymarket is built on the Polygon blockchain, specifically the Polygon Proof-of-Stake (PoS) network. This choice of blockchain infrastructure offers several advantages for Polymarket's prediction market platform:

Scalability and Low Costs

Polygon PoS provides Polymarket with high scalability and extremely low transaction costs. As of October 2024, the average transaction fee on Polygon PoS was just $0.0077. This allows Polymarket users to make frequent trades and adjust their positions without incurring significant fees, which is crucial for a dynamic prediction market.

Speed and Efficiency

Transactions on Polymarket through Polygon are near-instant5, enabling real-time trading and quick position adjustments. This speed is essential for maintaining accurate market prices that reflect the latest information and sentiment.

Blockchain Benefits

By leveraging Polygon's blockchain technology, Polymarket gains several key advantages:

• Transparency: All transactions are recorded on-chain, providing full transparency to users.
• Decentralization: The platform operates without the need for a central authority, fostering fairness and global participation.
• Security: Utilizing blockchain technology enhances the security of user funds and market integrity.

Ecosystem Growth

Polymarket has become a significant success story for Polygon, driving substantial transaction volume and attention to the network. In October 2024, Polymarket accounted for about 8% of the gas used on Polygon PoS, making it the largest individual contributor.

While the direct financial impact on Polygon in terms of transaction fees has been relatively small, Polymarket's success has brought significant attention and new users to the Polygon ecosystem. This aligns with Polygon's strategy of fostering successful applications to drive adoption and showcase the network's capabilities.