MoonPay is live on Polymarket
Polymarket users can now buy crypto through MoonPay.
By Geoffrey Lyons
MoonPay is excited to announce our exclusive partnership with Polymarket, the world’s largest prediction market.
Launched in 2020, Polymarket lets people predict the outcome of the most highly-debated current events. The platform’s users make predictions on everything from sports games and political elections to whether AGI will be achieved by a certain date. The probability of an event taking place is calculated by combining information such as news articles and opinion polls.
Now Polymarket users can buy crypto through MoonPay using all major payment methods including debit and credit card, Apple Pay, Google Pay, and bank transfer. MoonPay also allows crypto purchases with a PayPal account, an integration that recently expanded to the EU (excluding Croatia, Hungary, and Iceland).
“By enabling Polymarket users to buy crypto using major payment methods, we’re not only enhancing the user experience of this very popular marketplace but also driving greater adoption of decentralized platforms,” said Ivan Soto-Wright, MoonPay’s co-founder and CEO. “This collaboration powerfully represents how simple integrations can fundamentally change the way people engage with digital assets in their day-to-day lives."
Polymarket users predict future events by buying “Yes” and “No” shares. Shares are bought with the stablecoin USDC.
“Our commitment to providing a world-class product means partnering with the best in the industry,” said Shayne Coplan, Polymarket’s founder and CEO. “For that reason, we’re very excited to integrate MoonPay into Polymarket. We have high conviction that giving people access to real-time information backed by markets will help create a more informed public who are better placed to understand and navigate the future. Partnering with MoonPay is going to help us move quicker towards this vision.”
As a further extension of the partnership, MoonPay’s Web3 creative agency, Otherlife, will be on hand to collaborate with Polymarket on brand strategy, creative design and web development.
At the time of writing, $568.6 million has been traded on Polymarket since the start of the year, and July volume has already exceeded June’s $111.5 million record.
Click here to learn more about how Polymarket works.
