Polkamarkets MVP Open Beta Launch

Polkamarkets is a decentralised prediction market platform and protocol built for cross-chain information exchange and trading. Its current MVP is now live on the Ethereum Kovan Testnet for any user to test, while previously being closed to whitelisted users only. The company plans on deploying its prediction markets to other chains in the near future, namely Polkadot and Binance Smart Chain.

“Today marks a special day in Polkamarkets’ history. Since we launched just a few short months ago, we’ve been working non-stop to get our product out as fast as possible with as much quality as possible. Our team has worked incredibly hard to release iterations of our prediction market technology, and to gather feedback from real users. Today, with our Open Beta release, we are excited to get Polkamarkets out there to a greater audience. We hope that their feedback and input will help us to bring an even better product to market when we release it on the mainnet.” — Ricardo Marques, Polkamarkets CEO.

The whitelist-only closed beta for Polkamarkets was able to attract more than 300 simultaneous users to test the platform under load. Those users made more than 2,500 transactions with a total prediction market trading volume of over 1,000 kETH. Polkamarkets’ liquidity provision function was also tested, with users depositing over 200 kETH to the forecasting markets. The team reported that the most popular categories for prediction markets were unsurprisingly Crypto Prices and Esports.

What is Polkamarkets?

Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in a decentralized and interoperable platform based on Polkadot.

📰 INFO:

https://polkamarkets.medium.com/polkamarkets-mvp-open-beta-is-now-live-86fc72d7d443