Updated on 8/2/26
Use the Polymarket promo code
Keep in mind the code has to be entered during registration, and the $20 credit isn’t cash you can withdraw immediately; it must be used under the promotion’s trading requirements.
This offer applies to the Polymarket US app only. It doesn’t apply to Polymarket.com, the separate international platform.
Polymarket Promo Code at a Glance
| Offer detail | Current information |
|---|---|
| Polymarket promo code | |
| Polymarket welcome offer | |
| Terms | |
| Where to enter the code | During account registration |
| Supported devices | mobile-only, supporting iOS and Android |
| Offer available in | AL, AK, AR, CA, CO, CT, DE, FL, GA, HI, ID, IN, IA, KS, KY, LA, ME, MN, MS, MO, NE, NH, NJ, NM, NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC* |
| Offer not available in | AZ, IL, MA, MD, MI, MT, NV, and OH |
| Last verified | August 2, 2026 |
*The state list above applies to the
Is the Polymarket Promo Code Worth Using?
The
It’s important to understand how the offer works before signing up, though. The bonus isn’t cash you can withdraw right away: it’s trading credit that must be used within the platform. Also, depositing more than the required $10 won’t increase your bonus, since the reward is fixed. On the other hand, the value of your positions can go up or down before an event settles, and factors like market liquidity, trading fees, and how each contract is resolved can all affect your final outcome.
Overall, the Polymarket promo code is worth using if you were already planning to sign up, since it pretty much gives you a small boost to start trading with less upfront risk.
How to Claim the Polymarket Promo Code
Enter
- Open Polymarket through any link here.
- Download the Polymarket app for iOS or Android.
- Create a new Polymarket US account.
- Enter
LABS when the app asks for a referral code. - Complete the required identity verification.
- Deposit at least $10.
- Confirm that the $20 trading bonus has been credited to your account.
Don’t finish account creation without checking the referral field. A code entered after registration may not attach the campaign to the account.
So, Is LABS a Promo Code, Invite Code, or Referral Code?
Use any of the links on this page and confirm that
How Polymarket US Trading Works
Polymarket US lets you trade on the outcome of real-world events. These can include things like sports games, political elections, economic data, tech news, culture, weather, and more. The available markets change all the time as new events are added and old ones settle.
Each market is made up of simple “YES” or “NO” contracts, and their prices always stay between $0 and $1. Think of the price as the market’s best guess of how likely something is to happen. For example, if a YES contract is trading at $0.42, it means traders collectively think there’s about a 42% chance that outcome will happen. If the event happens, the YES contract settles at $1. If it doesn’t, it settles at $0.
Unlike sportsbooks that set fixed odds, Polymarket prices are determined directly by traders. That means that when you place a trade, you’re either matching with someone else right away or setting your own price for others to accept. A market order fills instantly at the best available price, while a limit order lets you choose your price and wait until someone agrees to it.
You can also close a trade before the event finishes by selling your position to another trader. This lets you lock in profits if the price has moved in your favor, or limit losses if the trade is going against you. However, it only works if another trader is willing to buy your position at that price. In less active markets, it may take longer to find a buyer, and the price can change more quickly while you wait.
Before trading, it’s important to read the full contract details. Even if the question seems simple, the exact wording, resolution source, and settlement time determine how the outcome is officially decided.
If you want to compare markets, check out our Polymarket vs. Kalshi breakdown.
Is Polymarket Legal in the U.S.?
Yes, Polymarket US operates through QCX LLC d/b/a Polymarket US, which the Commodity Futures Trading Commission lists as a designated contract market. Eligible users can access listed event contracts through the U.S. app.
That federal designation doesn’t mean every promotion or contract is available in every state, however. Location restrictions still apply, and the
Polymarket U.S. App: Pros & Cons
| Pros | Cons |
|---|---|
| Eligible new users can get a $20 trading bonus after a $10 deposit | The |
| Positions can be sold before settlement when enough liquidity is available | Prices can move quickly during major events |
| Limit orders provide control over the requested entry price | Taker fees apply when an order executes immediately |
| Available on iOS and Android | Thin markets can have wider spreads and fewer exit options |
| Prices come from the order book rather than fixed sportsbook odds | Contract wording and settlement sources require more attention than usual |
For another prediction-market option, see our Fanatics Markets promo code review.
Polymarket Deposits, Fees, and Taxes
Deposits and Funding
The
| Method | Provider | Listed processing speed |
|---|---|---|
| Bank transfer (ACH) | Aeropay | 1-3 business days |
| Debit or credit card | Checkout.com | Instant |
| Apple Pay | Checkout.com | Instant |
Keep in mind that an instant method can still be delayed by identity checks, payment review, bank processing, or account restrictions.
Trading Fees
Polymarket US charges a taker fee when an order executes immediately against an order already sitting in the book. A maker order that rests in the book and later fills gets a rebate under the current fee schedule. The fee or rebate varies with the contract price and the number of contracts traded.
Canceled, rejected, or expired orders don’t incur a trading fee because no trade was completed. Review the estimated cost shown in the app before confirming an order.
| Order type | Current fee treatment |
|---|---|
| Maker order | Receives a rebate when the resting order fills |
| Taker order | Charged a fee when the order executes |
| Canceled, rejected, or expired order | No trading fee |
Taxes
Trading activity can have tax consequences. Keep records of deposits, withdrawals, completed trades, settlements, fees, and rebates. For advice tied to your filing status or state, speak with a qualified tax professional.
Responsible Trading
Choose a funding limit before depositing and don’t increase it because a contract moved against your position. Market prices can change quickly, and adding funds to chase a loss raises the amount at risk.
If trading starts to feel compulsive or stops being fun, step away and use the responsible trading resources linked here.
Polymarket Customer Support
Polymarket’s help center covers identity verification, funding, withdrawals, orders, settlements, location restrictions, and account access.
If the
For more information, email [email protected] or use the in-app chat.
Polymarket Promo Code FAQs
What is the Polymarket promo code?
The Polymarket promo code is
Is the Polymarket promo code the same as an invite or referral code?
Yes. For this offer, “promo code” and “referral code” both refer to entering
Can existing Polymarket users use code LABS?
No. The
Is there a Polymarket no-deposit bonus?
No. A minimum $10 deposit is required to qualify for the $20 bonus.
Why is the Polymarket promo code not working?
Common issues include using an existing account, not entering
If you’re interested in DFS rather than a trading exchange, the Underdog signup bonus is the way to go.
