The new Polymarket promo code CBSSPORTS allows new users to secure a $50 trading bonus after a $20 initial deposit. Polymarket is a sports prediction market app in the U.S. that allows users to buy positions and trade on the outcomes of events. This Polymarket referral code for a $50 trading bonus can be used on sports like MLB, NFL and World Cup soccer. Claim your Polymarket trading bonus here with the Polymarket promo code CBSSPORTS here:
Polymarket promo code details
| Polymarket promo code | CBSSPORTS |
| Polymarket welcome trading bonus | Deposit $20+, get $50 in trading credits |
| States Polymarket is available | All 50 states, Washington, D.C. and U.S. territories* |
| Polymarket minimum age | 18 years or older and have a legal, U.S. residential address within a state where Polymarket operates |
| Polymarket available sports | NBA, MLB, NHL, NFL, NCAA football, UFC, Golf, WNBA, World Cup soccer, Champions League soccer, Major League soccer, various European soccer leagues, ATP, WTA, ITF Tennis, IPL Cricket, Esports |
| Polymarket regulatory body | U.S. Commodity Futures Trading Commission (CFTC) |
| Last verified | May 27, 2026 |
*Some markets on the Polymarket global site may not be available on the Polymarket U.S. app.
Best Polymarket promo code
The latest Polymarket promo code CBSSPORTS gives new users $50 in trading credits after a $20 deposit. Users can use these trading credits on some of the biggest sports in the world, such as baseball, basketball and soccer, to trade positions on outcomes of a specific game.
Users can also trade on futures markets, such as the World Cup champion or World Series winner. Simply deposit $20 into your Polymarket account to receive the Polymarket $50 trading bonus.
Claim your Polymarket $50 trading bonus here with the Polymarket promo code CBSSPORTS here:
How to sign up for the Polymarket referral code
Tap the CLAIM BONUS button above or anywhere on this page and download the Polymarket app.
Register for a Polymarket account and enter the required information, including name, address, phone number and SSN. Be sure to enter the Polymarket referral code CBSSPORTS to lock in the trading bonus offer and secure instant access to the Polymarket app.
Once registered, make your first deposit by your preferred deposit method and follow the prompts.
New users must deposit at least $20 in contracts for the $50 trading bonus to be applied to their account.
Claim your Polymarket trading bonus here, and remember to use the Polymarket referral code CBSSPORTS:
Is Polymarket legal?
Yes, yes and yes. Prediction markets, such as Polymarket, are regulated by the Commodity Futures Trading Commission (CFTC) â an independent agency of the U.S. federal government.
Polymarket is not sports betting. It's a sports trading and predictions market. With markets regulated under the CFTC, Polymarket must abide by those laws. Unlike sports betting, which differs from state to state and is controlled by state governments, there is uniformity across the nation on most markets, with Polymarket and prediction markets being federally regulated.
Certain markets may not be available in all 50 states.
Similar to sports betting, you can trade on the outcome of a specific game, but rather than betting against a sportsbook, users are making trades in the open market.
Polymarket doesn't offer an expansive responsible gaming section, but those who feel they need responsible gaming assistance can contact the national helpline at 1-800-MY-RESET
What sports are available on Polymarket?
The markets on the Polymarket app in the United States aren't identical to the markets globally available on the Polymarket website. The Polymarket app in the U.S. is significantly heavier on the sports side, but still offers a limited number of approved non-sports markets.
Some of the top sports trading options on the Polymarket app include:
- NBA
- MLB
- NHL
- NFL
- NCAA football
- UFC
- Golf
- WNBA
- World Cup soccer
- Champions League soccer
- Major League Soccer
- Various European soccer leagues
- ATP, WTA, ITF Tennis
- IPL Cricket
- Esports
How Polymarket works
The Polymarket app offers a variety of markets ranging from politics to weather to sports. When it comes to the sporting world, Polymarket offers contracts on all of the popular leagues. Users can trade on live sporting events in addition to upcoming events, and even longer-term events, like championships and awards.
In sports markets for games, the most popular prediction contract is picking which team will win a specific contest. The trading originates from commodities or event-related trading, but in the case of sports markets, sports trading is tied to the outcome of real-world sporting events.
By picking either option in a sporting event, users buy an event contract related to that pick, which is then settled upon the conclusion of the event.
Polymarket sports markets vs. sportsbook apps
Polymarket lists a price next to the event that correlates directly with the probability of it happening. As opposed to sportsbooks, which only list the specific odds the betting app generated without the public knowing the true percentage, without taking an additional step to find the implied odds.
Polymarket pricing explained
For example, let's say Florida is priced at $0.55 per share on Polymarket to win a game versus Texas. If Florida wins, each share is paid out at $1.
The price is implying Buffalo has a 55% probability to win. Therefore, if someone were to make a trade for 100 shares of Florida at this price, it would cost $55, and if Buffalo wins, Polymarket pays out $100 back to the account for those shares.
That is significantly simpler than trying to figure out what the probability of a bet with -165 odds or +230 odds is in percentage form to win.
How to trade on Polymarket
Before submitting and finalizing the purchase of contracts, Polymarket pulls up your wallet, and you must click the Sign button to confirm your purchase, and any fees are disclosed at that time. The purchase is then added to your positions in your profile.
From there, Polymarket reviews how many dollars are being invested, at what price, and the payout if your prediction is correct. Polymarket doesn't charge any deposit or withdrawal fees, although payment providers or blockchain networks may still charge fees.
The Orderbook
The Orderbook is a live list of all open orders for a given event contract. It shows what other traders are currently willing to pay and accept at different prices. You can view both bids (buy orders) and asks (sell orders) to quickly see the best available prices and opportunities. The Orderbook shows you how many users are willing buyers, and how much they are willing to spend per share and in total.
Get your Polymarket $50 trading bonus here with the Polymarket promo code CBSSPORTS here:
Polymarket banking methods
| Banking methods | Maximum deposits | Available for withdrawals? |
|---|---|---|
| Apple Pay | $50,000 | No Apple Wallet; only linked debit card |
| Bank transfer | $50,000 | yes |
| Debit card | $50,000 | yes |
| Wire transfer | No limit | no |
Polymarket fees
Polymarket charges a small taker's fee for those buying or selling instantly at the market price. The taker fee isn't a flat rate; it varies based on a mathematical formula that factors in the number of shares, the price of each share, and the type of contract you are buying.
The fees are automatically factored into your trade, and users are made aware of them at the time of the trade. Sports trading has one of the smallest fees of all Polymarket categories, with a taker fee rate of 0.03, compared to markets like culture (0.05), weather (0.05) and bitcoin (0.07).
Does Polymarket have deposit fees and withdrawal fees?
Polymarket doesn't charge fees for deposits or withdrawals, although payment providers or blockchain networks may still charge fees.
The Polymarket U.S. app does not accept crypto deposits. For deposits and withdrawals, it accepts Apple Pay, debit card or bank transfer via Aerosync; however, Polymarket does not accept Apple Pay withdrawals to your Apple Cash wallet. Apple Pay withdrawals must be via a linked debit card.
How to withdraw from the Polymarket app
- Go to your Polymarket portfolio
- Click withdraw
- Enter the recipient address and select the amount and method of withdrawal
- Click withdraw to confirm the transaction
Polymarket app review: user experience
The Polymarket app is simple to use and navigate from market to market. All the popular markets are listed at the very top of the Polymarker app, as well as a trending section toward the top for the most popular games and markets at the moment. Users can scroll down the home page for other popular markets separated by sport. The Polymarket app also showcases a live tab of active games.
Polymarket US app ratings (as of May 19, 2026)
| Polymarket App Ratings | Rating | Number of Reviews |
|---|---|---|
| Apple App Store | 4.8 out of 5 stars | 29,000 ratings |
| Google Play Store | 3.8 out of 5 stars | 6,400 ratings |
Polymarket customer support
To reach customer support within the app, simply click on the blue chat icon in the bottom right of the home page to start your chat. You can also email support@polymarket.us for further assistance.
Claim your Polymarket $50 trading bonus here with the Polymarket promo code CBSSPORTS now:
Polymarket app pros and cons
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Polymarket app review
The Polymarket promo offer of $50 in trading credit after a $20 deposit is better than what many other prediction markets are offering.
With markets regulated under the CFTC, which is under the jurisdiction of the federal government, Polymarket must comply with those laws. Unlike sports betting, which differs from state to state and is controlled by state governments, there is uniformity across the nation on most markets, with Polymarket and prediction markets being federally regulated.
Certain markets may not be available in all 50 states or on the Polymarket U.S. app.
Making trades on individual markets are straightforward and easy. The top of the app home screen allows you to choose which sport or market category you prefer with an easy scroll.
Additionally, one should note that Polymarket has open trading markets 24 hours a day, 6 days a week. It is open for 22 hours on Thursdays, as due to site maintenance, one can not trade from 6 to 8 a.m. ET.
Polymarket FAQ
What is Polymarket?
Polymarket is a prediction market where users trade contracts on event outcomes. For sports markets, these outcomes could be who wins a game, how many points they score, who wins an award, etc. Users can buy contracts, with each share paying out $1 for correct outcomes. Prices per share on Polymarket markets range from $0.00-$1.00.
What is the Polymarket promo code?
Get the Polymarket trading bonus code by using the promo code 'CBSSPORTS,' and you'll receive a $50 trading bonus when you make a $20 deposit as a new user.
Is Polymarket legal?
Yes, it's legal by the federal government in all 50 states. However, states have been challenging and fighting back against prediction markets, so you'll need to stay up to date about which states Polymarket is legal to operate, and which markets are allowed in specific states.
How to get the Polymarket trading bonus code?
Simply click "Claim Bonus" throughout the article, and use the Polymarket promo code 'CBSSPORTS.'
What is the free 50 code for Polymarket?
This Polymarket promo code gives new users $50 to trade however they'd like and in whatever market they wish on Polymarket. Simply deposit $20 to get the Polymarket deposit trading bonus code.
Is Polymarket betting a sportsbook?
No, Polymarket is not a sportsbook. It is a prediction market; users can buy and trade on contracts. The markets and prices are controlled by the buyers and sellers, which can fluctuate based on how liquid a specific market is. This concept is significantly different from a sportsbook, where the specific betting apps has full authority on the odds. What also makes Polymarket different from sportsbooks is that several non-sports markets are available to trade on, such as economics, politics and weather.
How does Polymarket work?
Polymarket users trade contracts, which predict the outcomes of events. Users see a price for a "yes" or "no" result in a specific market, and that price correlates exactly to the percentage of the trade winning. For example, if New York is priced at $0.71 per share on Polymarket to win a game, it implies a 71% chance of winning. If New York wins, each share is paid out at $1. Therefore, if someone were to make a trade for 100 shares of New York at this price, it would cost $79, and if New York wins, Polymarket pays out $100 back to the account for those shares. The activity from other traders can move prices up or down.
Event contracts trading involves a risk of substantial loss and is not suitable for all investors. Participation in prediction markets is subject to applicable eligibility requirements. Participation may be restricted or prohibited in certain jurisdictions and participants are responsible for ensuring their participation complies with applicable laws and regulations in their jurisdiction. Prediction markets content is not intended for individuals located in jurisdictions where they are prohibited.
