What is Polkamarkets?

Polkamarkets Labs
Polkamarkets Blog
Published in
3 min readFeb 23, 2022
What is Polkamarkets?
What is Polkamarkets?

If you haven’t already joined our Discord and Twitter, click here to join the conversation! Please also read this article for more information about the deployment of the multi-chain prediction market protocol on Polkamarkets.

What is Polkamarkets?

Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading, where users take positions on outcomes of real-world events in a decentralized and interoperable platform on an EVM-based Protocol that can be used on any EVM.

What is Polkamarkets?

By joining the power of DeFi and Liquidity incentives to prediction markets, Polkamarkets as a protocol can be used as a forecasting tool for developers and traders. Users can monetize their forecasts of future outcomes and events within an interoperable and decentralized infrastructure, where beliefs become assets with financial value that can be traded on the market.

Polkamarkets allows users to enjoy a new type of trading experience by using a protocol designed to allow any user to comprehend its technicalities, find new ways to maximize their portfolio, and even create their own prediction markets based on real-world events!

Polkamarkets Protocol for Developers

Polkamarkets’ customizable open-source platform makes it fast and cheap for development teams to deploy their own infrastructures.

Developers can implement their favorite frameworks and focus on creating their own Autonomous Prediction Markets platforms. Polkamarkets allows you to forecast and own a part of the future by leveraging the power of the wisdom of the crowd.

The POLK token is used as a coordination and incentivization mechanism to prevent fraud in the protocol, ensuring that prediction markets resolve correctly. POLK users curate the protocol by bonding POLK to resolve markets and settle disputes, and they must hold it to create their own prediction markets.

Educating the user and community

An extended support/FAQ page with all of the community’s questions regarding the prediction markets protocol is being improved. There will be some video tutorials as well.

You can learn more in the help center where you’ll find information regarding the following topics:

  • Basic information about the Polkamarkets Protocol
  • Frequently asked questions
  • POLK Token & Tokenomics

Roadmap Developments

We’re continuously working on the protocol’s development as our core focus is to bring the community the best technology, the most amazing features with their own benefits and functionalities, and to show the real potential of DeFi, web3, and decentralization within the protocol.

  • NFT Marketplace and Gamification strategies.
  • More protocol rewards initiatives.
  • Fiat Ramp Integration.
  • Deployment on other EVMs such as Polygon, Avalanche, and much more.
  • Mobile App development.
  • Dynamic Markets News Aggregation.
  • POLK V2 Protocol Governance DAO.
  • Polkamarkets Alliance Group.

You can read more in our Public Roadmap. We update it on a bi-weekly basis (once per two weeks). All development only mentions the Protocol Side of Development. Stay tuned and up to date by joining our Discord Server.

We are hiring!

We look forward to the next steps and if you are looking to join a great project, please drop us your resume here! At Polkamarkets Labs, we are looking for two new members:

  • Node.js & Solidity Developer (apply)

About Polkamarkets

Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading where users take positions on outcomes of real-world events–in decentralized and interoperable EVMs.