Getting started on Polymarket is simpler than many people expect. While the platform has experimented with invite codes and referral programs at various points, the sign-up process has evolved. This guide covers the current state of Polymarket's onboarding, how referral codes work, and a step-by-step walkthrough to get you trading.
Do you need an invite code for Polymarket?
Polymarket has gone through different phases with its onboarding approach. At times, the platform used invite codes or referral links to manage growth and reward existing users for bringing in new traders. As of 2026, the situation is:
- Open registration: Polymarket generally allows open sign-ups without requiring an invite code. New users can create an account directly through the website or app.
- Referral bonuses: While open registration is available, Polymarket periodically offers referral bonuses to both the referring user and the new user. These promotions vary in value and availability.
- Region-dependent: Access requirements may vary by country. Users in restricted regions will not be able to sign up regardless of whether they have an invite code. See our Polymarket legal countries guide for details on geographic restrictions.
How the referral program works
When Polymarket runs its referral program, the mechanics typically work as follows:
Getting a referral link: Existing users can generate a unique referral link from their account settings. This link is shared with potential new users.
New user benefits: New users who sign up through a referral link may receive bonus USDC, reduced fees on their first trades, or other promotional benefits. The specific offer changes over time.
Referrer benefits: The referring user typically earns a bonus when their referral makes a qualifying trade or deposit. Some programs offer ongoing fee rebates on the referred user's trading activity.
Limitations: Referral programs usually have caps on the number of referrals per user, minimum deposit requirements for the new user, and time limits on promotional offers.
Step-by-step sign-up walkthrough
Here is how to create a Polymarket account and start trading:
Step 1: Visit Polymarket. Go to polymarket.com. If you have a referral link, use it to access the site.
Step 2: Connect a wallet or create an account. Polymarket supports multiple sign-up methods. You can connect an existing crypto wallet (like MetaMask) or create an account using email, which creates a custodial wallet for you.
Step 3: Complete verification. Depending on your region and intended trading volume, Polymarket may require identity verification (KYC). This typically involves providing a government ID and proof of address.
Step 4: Deposit funds. You need USDC to trade. You can deposit USDC from an external wallet or, in some cases, purchase it directly through Polymarket's onramp partners. For detailed deposit instructions, see our Polymarket deposit guide.
Step 5: Browse markets and trade. Once funded, you can browse active markets, research outcomes, and place trades. Start with markets you understand well and with small position sizes.
Current promotions and bonuses
Polymarket's promotional offers change frequently. Common types of promotions include:
- Welcome bonuses: Bonus USDC credited after your first deposit or trade.
- Deposit matches: Polymarket matching a percentage of your initial deposit up to a specified limit.
- Fee rebates: Reduced or zero fees on your first trades.
- Seasonal promotions: Special offers around major events like elections, Super Bowls, or significant geopolitical events.
Check Polymarket's official website and social media channels for the latest promotions. Be wary of third-party sites claiming to offer exclusive Polymarket invite codes, as some may be scams.
Tips for new users
After signing up, new traders should consider:
- Start small: Begin with small trades to learn how the platform works before committing significant capital.
- Understand resolution: Every contract has specific resolution criteria. Read them before trading. See how Polymarket works for a comprehensive overview.
- Use limit orders: Market orders can result in slippage, especially in lower-liquidity markets. Limit orders give you price control.
- Track your trades: Keep records for tax purposes. Prediction market profits may be taxable in your jurisdiction.
Research markets with Alphascope
Before placing your first trade, use Alphascope to research markets. Our predictions dashboard shows you all active contracts across prediction market platforms, and our news feed links current events to the markets they affect.