October 10, 2024
June 4, 2025

Say Hello to Prediction Markets

Product
Say Hello to Prediction MarketsSay Hello to Prediction Markets

Prediction markets are coming to dYdX Chain thanks to an integration with Polymarket software!

Let’s take a look at our latest feature drop.

What is Polymarket?

Polymarket is a prediction market platform where users can bet on the outcomes of certain real world events. Each market has a “yes” and “no” bet and users can buy whichever side of the bet they think will win. At the end of each event, the market settles to $1 or $0.

For example, for the Simone Biles Wins All Around Gold market users could buy either the Yes or No share. Since Biles did win all around gold, every Yes share became $1 and every No share became $0. The buy price of each share before settlement is determined by a simple supply and demand model.

The Limit with Polymarket

While Polymarket opens the door to a whole new way to speculate on real world events, upside is capped. Users can only sell each share for a maximum of $1. While upside could be huge for users who buy the share at $0.01, it doesn’t create a huge opportunity for people with conviction when a market is saturated.

In comes dYdX Prediction Markets

Prediction markets on dYdX allows users to list and trade eligible Polymarket prediction markets on dYdX Chain which meet sufficient liquidity and technical compatibility requirements.Users can now long or short a market with up to 20x leverage, creating the opportunity for bigger upside (or bigger loss).

dYdX Chain prediction markets will only track the asset price for the Yes share for any market. This is because longing a market acts as a Yes bet while shorting a market acts as a No bet.

The software will only support prediction markets on isolated margin and with a maximum of 20x leverage for now. Traders on any community deployment can propose to launch a prediction market in the new market widget shown in the front-end interface.

Our vision is to make dYdX Chain software as robust as possible and to build the dYdX Chain to be the one-stop shop for all types of on-and-offchain markets. This integration with Polymarket software is dYdX Chain’s first foray into new asset types and we’re super excited to see how it goes!

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© 2025 dYdX International Ltd. All rights reserved.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as for Restricted Persons as set out in the dYdX Software Terms of Use, accessible: https://dydx.exchange/v4-terms. dYdX International Ltd (“DI”) does not develop, control or participate in the operation of any component of the dYdX Protocol (including the MegaVault).

The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice.  Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets.

In no event will DI be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

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dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as for Restricted Persons as set out in the dYdX Software Terms of Use, accessible: https://dydx.exchange/v4-terms. dYdX International Ltd (including its affiliates, "DI") does not develop, control or participate in the operation of any component of the dYdX Protocol (including the MegaVault).

The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice.  Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets.

In no event will DI be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

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DI’s contents and services are not available to persons who are residents of, are located or incorporated in, or have a registered office in the U.S., Canada or any Restricted Persons as set out in the dYdX v4 open-source software Terms of Use, accessible here.  More details can be found in our Terms of Use. Learn more about dYdX v4 third-party front end options here.

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