Here at Renegade, we like to keep things lively by making small office bets on all sorts of things—just about anything you can imagine, really, from making bets on how the local weather will turn out to betting if Dogecoin will ever hit $1. Well, our office shenanigans have led us to a platform that allows us to quit taking money from each other and instead bet against people from all around the world.
It’s called Polymarket. Polymarket visualizes peer-to-peer trading of “outcome shares” on the Ethereum blockchain. Technical jargon aside, basically what Polymarket enables you to do is place bets on current global events. All you need to get started is a bit of cryptocurrency and some knowledge about current events. Once you have your wallet and crypto ready, scroll through the available contracts (for example, “Will the 2021 Tokyo Olympics take place?”). Then purchase your contract, and you’re good to go. If the event takes place by the contract date, it will convert back into crypto that you can transfer to your crypto wallet. Rinse and repeat as needed. Just make sure to thank us later when you’re having so much fun you can’t stand it.