Over the weekend, I signed up for a new account using the Polymarket promo code ACTION to see what the fastest-growing trend around the world is all about. For starters, the welcome offer of depositing $10 and getting a $20 bonus is as simple as advertised, and I was off to the races on my Polymarket journey.
I didn't think I would have as much fun trading the highest temperature in New York City on Sunday as I would on the over/under in the Angels vs. Rangers game, but I think it's safe to say I have a new hobby! Polymarket has several categories outside of sports, like the aforementioned weather (my favorite), political races, what day Taylor Swift will be pregnant by, and even what the highest-viewed movie will be on Netflix this week.
Honestly, it is a nice change of pace from sports betting, and I am happy to look for some alternative options before the NFL season begins. After all, we are inching closer to the end of the baseball season, when teams expand to 40-man rosters, and things are far less predictable for the average bettor in MLB odds.
In this article, I'll walk you through my process as a first-time Polymarket user, what you can expect (both good and bad), and how to make the most of one of the best prediction market promos. I really enjoyed this entire process, and I'm sure you will too.
What's the Best Part of the Polymarket App?
As someone who has been loyal to online sportsbooks since 2018, the action you'll find on these prediction market apps will make your head spin. You'll find all sorts of obscure categories, and the most remarkable thing is that plenty of people are trading there too. There's even a chat for each market, so you can talk it out with other traders and use that to your advantage. In the chat, it shows you who traded exactly how much, and I tend to tail people risking higher amounts.
My favorite part of using the Polymarket app is watching each marketplace trend in real time. Before I made any trades, I tracked the Jets vs. Steelers movements leading up to Friday night's game and saw a massive uptick in Gang Green's win probability, jumping from around 40% to 60%. Of course, I looked into it and saw that Geno Smith would be starting at QB, which also left solid reps for Cade Klubnik, who had played well in the preseason opener. Lo and behold, the Jets came through with a dominating 17-0 win, and I never even would have traded that game if I hadn't seen the trends from open to close.
I also enjoy the portfolio section for my personal Polymarket account. As more of a visual-learning person, those market moves are always helpful, but using it to analyze my trading history is where it comes in most handy. Sportsbooks have done a better job of personalizing our accounts over the years, but they could really learn a thing or two from how Polymarket does things. Your trading history is right there, front and center, and that accountability will make me a better trader.
The Worst Part of the Polymarket App
Unfortunately, the worst part of the Polymarket app was depositing money into my account. As a first-time user, I thought a debit card would fund my account right away, but that method takes 3-4 business days for the funds to show up, which is very different from the instant process you'll see at sportsbooks. There isn't a PayPal or Venmo deposit option either, which I wasn't too thrilled about.
I made my first deposit on Friday night and got my $25 bonus right away after depositing $10, but still had to wait until after the weekend for the initial deposit to register in my account. For the sake of the article, I made another $100 deposit early Monday, and as of Tuesday afternoon, it still hasn't registered in my account. Obviously, this isn't ideal, but now I know to plan ahead when trading on this platform.
How to Make the Most of the Polymarket Promo Code ACTION
In my opinion, I think the best way to make the most of the $20 bonus you get from the Polymarket promo code ACTION is to chip away on multiple trades. For instance, I didn't spend my entire bonus on one trade; I took a slow-build approach.
My first trade was on what the highest temperature in NYC would be for Friday, August 21. I put $10 on 77-78 degrees at a 24% probability to be the winning temperature. This wasn't the favored position, but I wanted to try to get a moderate bang for my buck. After a nice market move in my direction, it started going the other way, and I got out by utilizing the cash-out option to walk away dead even on my initial $10 investment.
The next day, I came back for redemption! I put that same $10 on the same 77-78 degree range at a near-similar win probability of 27%. But things were going in my favor this day, so I rode it out all the way to the end and finished with a $24 profit for my efforts. I had to keep the hot streak rolling, so I went back on Sunday with $17 to the 80-81 degree position at 41% and finished with a $21 profit.
I found this approach worked best for me because I learned the ins and outs of the Polymarket platform while also making steady gains in my portfolio.
Step-by-Step Process to Sign Up with Polymarket Promo Code ACTION
Here are the steps, from my perspective, on how to get started at Polymarket:
- Download the Polymarket mobile app – iOS or Android only.
- Enter the Polymarket promo code ACTION when prompted.
- Complete the identity verification process via KYC and create a username. I also needed to take a screenshot of my driver's license (front/back) and a selfie to verify that it was really me. The process was checked and approved almost instantly.
- Make a minimum deposit of $10, but you can do more if you want to avoid the lengthy deposit process.
- Receive a $20 bonus instantly.
- Browse the markets to make your first trade.
Polymarket Promo Code Terms
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See http://polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization. Not available in AZ, IL, MA, MD, MI, MT, NV, OH, and WA.
