Description
Polkamarkets is a decentralized, autonomous Web3 prediction market protocol built on EVM-compatible blockchains like Polygon, Moonbeam, and Moonriver. It enables users and organizations to create prediction markets, forecast outcomes, trade positions, and resolve events on-chain. The protocol consists of permissionless smart contracts and an open-source web application that serves as a user-friendly gateway. Developers can leverage the Polkamarkets JS SDK and codebase to integrate prediction markets into their own dApps or deploy custom marketplaces. The platform's utility token, POLK, is used for creating, resolving, and curating markets. Polkamarkets Labs, the team behind the protocol, focuses on security through audits and bug bounties, and has introduced features like community-driven 'lands' in its V3 to enhance social interaction and customizable contests.