Glossary term
Polymarket
A crypto-based prediction market with an offshore regulatory structure, settling in stablecoins rather than fiat.
Polymarket is a crypto-based prediction market that settles contracts in stablecoins and operates through an offshore regulatory structure. Its crypto settlement gives it global reach and deep liquidity on high-profile events, but also places it outside the U.S. regulated perimeter that governs Kalshi. The contrast between Polymarket and Kalshi illustrates the regulated-versus-offshore split in prediction markets. See Prediction Markets 101.