Platform · Binary Markets
Polkamarkets
Multi-EVM-chain prediction market from 2021, POLK token -99.9% from ATH, technically alive but dormant traction
- Mechanism
- Binary Markets
- Chain
- Polygon, Moonbeam, Moonriver, Linea, Celo, Arbitrum, Abstract, Gnosis
- Status
- Dormant
- Founded
- 2021
- Market types
- Binary · Multi-outcome
- Audience
- Builder/infra · Crypto-native · Retail · Generalist · Forecasters
- Website
- www.polkamarkets.com
- @polkamarkets
Pricing mechanism
AMM (FPMM)
Settlement
On-chain dispute / token-weighted reporting
Strengths
- Multi-EVM-chain reach with shipped V2
- Open-source codebase with recent commits (Sep 2025)
- 5-year audited contracts
- Creator-fee model predates newer permissionless PMs
Weaknesses
- POLK token -99.9% from ATH · community confidence gone
- TVL ~$11.6K, 24h volume ~$10K · effectively dormant
- Original Polkadot positioning never delivered
- Lost 2024–2026 cycle to Polymarket/Kalshi/Predict.fun
About this mechanism
Yes/No or multi-outcome shares priced via AMM or CLOB. The largest category by platform count · the volume of onchain competition for what most people picture when they hear 'prediction market'.