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New users can get the Polymarket promo code NYPMAX upon sign-up to unlock an exclusive welcome offer on the United States based prediction market with the NY Post.

Polymarket is offering a hefty welcome promotion for any new users who create an account:

The platform’s popularity increased largely due to its ability to push moments of heightened public interest to the forefront. Future Mayoral Election results, major pop culture debates, and breaking news stories have all developed their own Polymarket.

In a technology-driven society, where clickbait and real news are sometimes hard to distinguish,prediction market apps like Polymarket have become an additional source of information and guidance on trending news headlines.

Polymarket is regulated by the Commodity Futures Trading Commission rather than state governments, which means it is widely available (including in several states that have yet to legalize sports betting).

The platform’s popularity increased largely due to its ability to push moments of heightened public interest to the forefront. Future Mayoral Election results, major pop culture debates, and breaking news stories have all developed their own prediction markets on Polymarket, where users can buy and sell event contracts.

Polymarket account holders can trade shares of an outcome via event contracts. Like online sports betting platforms, odds change in real time as other traders decide to bet.

However, the prediction market model works differently. Users trade on “yes” or “no” outcomes that can occur in a wide variety of spaces and scenarios. Event contracts pay out $1 for correct outcomes, with the profit depending on the price of the contracts when they were purchased.

The NBA and NHL season are over and their champions have been crowned in New York and North Carolina. Now sports markets in soccer, women’s basketball and baseball will take center stage for the summer before football season returns.

Polymarket is providing readers of the Post a deposit $20, get $50 trading bonus promo when they create an account using the Polymarket promo code NYPMAX.

To receive a $50 trading bonus, users must enter the Polymarket promo code during initial registration on the Polymarket app and meet the minimum deposit requirement.

Users must then place at least one qualifying real-money trade to unlock bonus funds on Polymarket.

Bonus funds from the Polymarket promo code usually must be used within a specified timeframe before they expire. This timeframe is usually between seven and 30 days. When signing up with the Polymarket promo code, review terms and conditions carefully.

To receive the Polymarket promo code $50 trading bonus, users must register via the Polymarket app and enter the promo code at sign-up. The Polymarket promo code must be entered at registration; it cannot be added after the account is set up.

To activate and unlock bonus funds on Polymarket, users must complete at least one real-money trade after making a qualifying deposit.

Eligibility for the Polymarket promo code typically requires users to be new customers, of legal age, and located in jurisdictions where Polymarket is authorized to operate. Users must complete the KYC (“know your customer”) process during sign-up for Polymarket.

Users must be 18 years or older to participate in Polymarket.

Polymarket claims to be “the world’s largest prediction market,” where users can “trade politics, news, culture, sports & tech.” Users can trade on over 13 sports with thousands of team, individual, and event markets.

The prediction market enables users to trade event contracts on a wide range of topics, including sports, politics, economics, and pop culture, with each market based on a straightforward yes-or-no question.

Polymarket’s trading prices change according to supply and demand, mirroring how the public perceives the probability of each outcome as traders respond to new information.

The Polymarket promo code NYPMAX offers new players an exclusive benefit: deposit $20 to receive a $50 trading bonus that can be used on the platform.

Given the high demand for the app, using the promo code not only makes it easier for me to access it but also gives me an extra $50 for more trades after my initial deposit.

Polymarket was founded in 2020 by former New York University student, Shayne Coplan and saw instant success. It was initially founded to operate as a prediction market using smart contracts on the Polygon blockchain, or USDC (USD Coin).

A Commodity Futures Trading Commission (CFTC) settlement barred Polymarket in January 2022. The CFTC fined Polymarket $1.4 million for operating without proper registration. Its launch allowed unregistered contracts before it became a Designated Contract Market (DCM) or a Swap Execution Facility (SEF).

The blockchain prediction market expanded operations overseas to serve the international market following its expulsion from the U.S. Polymarket processed over $2.6 billion during the 2024 election.

Fast forward to October 2025, Polymarket received a nearly $2 billion investment from the Intercontinental Exchange (ICE), which valued the company at $8 billion.

Polymarket returned to the U.S. market in 2026 after resolving regulatory issues by acquiring QCEX, which is a licensed derivatives exchange registered with the CFTC.

Polymarket is not subject to the licensing requirements that apply to online sports betting apps, allowing it to offer prediction markets in states where traditional sports betting is not legal.

These ratings were last updated as of June 28, 2026.

Polymarket features a clean, fast, and purpose-built design optimized for trading, offering a streamlined ‘Yes/No’ contract interface that is intuitive for users.

The Polymarket app allows users to trade on a wide range of real-world events, including sports, politics, and economics, using a simple yes/no contract format.

The Polymarket app allows users to trade on a wide range of real-world events, including sports, politics, and economics. Like the website, the Polymarket app uses a simple yes/no format for event contracts.

Yes, Polymarket currently supplies sports contracts. These sports markets are similar to those you would find at sportsbooks, including game outcomes (moneyline), totals, futures, and individual lines (props).

Jump into the action today using the Polymarket promo code NYPMAX.

Unlike sportsbooks, you are not going up against “the house”, instead on the opposite of each trade is another user within the Polymarket platform.

Polymarket users can buy contracts on the following:

Polymarket is distinct from sportsbooks and other prediction market platforms. Prediction markets operate under federal financial regulations rather than under state gaming commissions, as do common sportsbooks. Additionally, sportsbooks include a margin in their odds, known as the ‘vig’. While Polymarket does have some small fees on the platform, the ‘vig’ does not exist.

A second difference is that these contracts are traded as stock shares, Exchange-Traded Funds (ETFs), bonds, and mutual funds, rather than currency placed as bets at an online or in-person sportsbook. Polymarket’s event contracts are classified as commodities derivatives, which means they are regulated federally and not subject to state gambling laws.

Instead of wagering on sports game outcomes or moneylines, users will eventually be able to trade on real-world events such as political talking points, movie sales, and even when public figures like Elon Musk post on social media.

Within the market, the public can then sell their “Yes” or “No” shares at any moment, or simply wait until the event ends to cash in on winning shares for $1 apiece.

Shares are made when two sides come to an agreement on odds, the agreement amount or price willing to pay must equal to $1.

Prices (odds) on Polymarket represent the current probability of an event happening. 

For example, in a market predicting whether the Oklahoma City Thunder will win the 2026 NBA Championship, if the “Yes” shares are trading at 63 cents, that indicates a 63% chance of the Thunder winning. These odds are based on the prices at which other Polymarket participants are willing to buy and sell those shares.

Similar to the AI boom that marked the start of the 2020s, prediction markets are now gaining the benefit of the doubt among users due to their rapid rise in popularity and accessibility.

Polymarket’s main competitor is Kalshi, a prediction market that also allows users to trade on real-world events. The two continue to go head-to-head, each developing social media campaigns to drive user registration.

In addition to Polymarket, new users can trade $10 on Kalshi and receive a $10 bonus. When prompted, enter the Kalshipromo code NYPMAX on the rival prediction market to access this exclusive offer. 

Readers of the NY Post can receive a combined $60 in trading bonuses from both premier prediction market apps, Polymarket and Kalshi.

Polymarket operates as a Designated Contract Market (DCM) regulated by the Commodity Futures Trading Commission (CFTC), similar to Kalshi, which is also fully regulated under the same framework.

Polymarket and Kalshi differ in their market focus, with Polymarket offering a wider range of topics including sports, politics, and culture, while Kalshi primarily focuses on economic indicators and major events.

Polymarket’s pricing model is based on peer-to-peer trading, similar to Kalshi, where users buy and sell contracts based on market demand rather than fixed odds set by a bookmaker.

In October 2025, the NHL announced multi-year partnerships with both Polymarket and Kalshi.

In doing so, they agreed to sell their sponsorship rights to both prediction market platforms. Upon agreement, merchants and brokers of both are allowed to use the NHL logo on their platforms and products and become the league’s official designated prediction market partners.

In November 2025, the UFC agreed to a deal with Polymarket that became official in January 2026.

The partnership with Polymarket will include a Fan Prediction Scoreboard within major fight broadcasts. It will also detail broadcast integration and social media content sponsorship.

In January 2026, Polymarket agreed to become the New York Rangers’ official prediction market and announced deals with DAZN and Major League Soccer (MLS).

In April 2026, Spanish soccer giant La Liga signed a multi-year partnership with Polymarket.

Polymarket utilizes a probability-based taker fee system and does not charge trading fees for maker orders. Trading fees vary depending on the market category and the specific share price, peaking at a 50 percent probability and dropping to zero at the extremes (either one or 99 percent).

Although Polymarket operates under federal regulation, certain states have enacted measures against prediction market platforms, potentially resulting in restricted access or the removal of markets in those areas.

New traders must be at least 18 years old and reside in an eligible U.S. state to use Polymarket. Registration requires personal information like date of birth and phone number. A verification email is sent after registration to confirm the account.

Only one bonus is allowed per new user account.

In addition, Minnesota has banned Polymarket (and other prediction markets) effective August 1, 2026.

Polymarket customer support is available via live chat 24/7. Live chat connects users to an AI chatbot for common queries.

Users can also email support@polymarket.us for assistance. Polymarket account holders can also submit tickets via Polymarket’s Discord server.

Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, New Jersey, Nevada, and Ohio.

Mike Turay is a sports journalist and editor who closely follows the NBA, NFL, college sports and UFC. He has demonstrated expertise in both NBA and NFL player prop bets for nearly three years. Mike is also highly knowledgeable about the sportsbook offer landscape, frequently trying and reviewing the latest apps and sites.