Frequently Asked Questions
Everything you need to know about trading on Polygoy.
General
What is Polygoy?
Polygoy is a casino-style trading interface for 5-minute crypto prediction markets. You predict whether BTC, ETH, or SOL will go up or down in the next 5 minutes, and win if you're right. All markets are powered by Polymarket's on-chain prediction market protocol.
Is Polygoy safe?
Polygoy is non-custodial — we never hold your funds. All trades execute on Polymarket's smart contracts, which are audited and battle-tested. Your account keys stay with you at all times.
Is this gambling?
Polygoy provides an interface for prediction markets, which are financial instruments where you trade on the outcome of events. Unlike traditional gambling, the odds are set by the market (other traders), not a house. There is no house edge.
Getting Started
How do I start trading?
Launch the app, connect your account (or use demo mode to try risk-free), deposit USDC, pick a market, and make your prediction. The whole process takes about 2 minutes.
Do I need a crypto account?
You can try Polygoy in demo mode without an account. For real trading, you'll need an account — Privy makes it easy to create one with just an email address or social login.
Is KYC required?
No KYC is required to trade on Polygoy. You can connect an account and start trading immediately. KYC may be required by third-party fiat onramp providers (like Meld) for card purchases.
Deposits & Withdrawals
How do I deposit?
Two ways: (1) Buy USDC directly in the app using a credit card, debit card, bank transfer, or Apple Pay via Meld. (2) Send USDC to your account address from any exchange on the Polygon network.
What currency do I trade with?
All trades are in USDC — a stablecoin pegged 1:1 to the US dollar. $1 USDC = $1 USD.
How do I withdraw?
Your USDC balance is in your own account. You can transfer it to any other account or exchange at any time. You can also redeem winning positions directly through Polymarket.
What are the minimum and maximum trade sizes?
Minimum trade is $1 USDC. Maximum depends on available market liquidity — typically several hundred dollars per trade.
Trading
What markets are available?
Polygoy currently offers 5-minute prediction markets on three assets: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Markets run 24/7.
How are odds determined?
Odds are set by the market — they reflect the ratio of bets on UP vs DOWN. When more people bet one direction, the payout for that direction decreases. This is the same mechanism used by traditional prediction markets and exchanges.
What's the maximum payout?
Maximum payout is approximately 2x your stake (minus a small fee), which occurs when odds are near 50/50. When odds are skewed, the underdog side pays more and the favorite side pays less.
Can I cancel a trade?
Once a trade is placed, it cannot be cancelled. Markets resolve in 5 minutes, so you'll know the result quickly.
Resolution & Payouts
How are markets resolved?
Markets are resolved by Polymarket's oracle system. At the end of the 5-minute period, the oracle checks whether the price is above or below the starting price and settles the market accordingly.
How fast do I get paid?
Winning payouts are credited to your account balance instantly after market resolution. No waiting period.
What happens if the price doesn't change?
If the price is exactly the same at resolution, the market resolves based on Polymarket's oracle rules. In practice, this almost never happens due to crypto's constant price movement.
Fees
What are the fees?
Polygoy itself charges no platform fees. There is a small fee on trades charged by the Polymarket protocol. Gas fees are covered by us — you never pay for blockchain transactions.
Are there gas fees?
No. Polygoy uses Polymarket's builder relayer to submit transactions on your behalf. You never need to hold MATIC or pay gas fees.
Technical
Can I use Polygoy on mobile?
Yes! Polygoy is designed mobile-first. Open it in any mobile browser — no app download required.
What countries are supported?
Polygoy is available globally where Polymarket is accessible. Some jurisdictions may have restrictions on prediction market trading. Check your local regulations.
Where does the price data come from?
Real-time price data is streamed from Binance via WebSocket — the same institutional-grade data used by professional traders worldwide.