Polymarket is officially legal in California, with the Polymarket app and polymarket.us operating as a licensed prediction market. This platform falls under the watchful eye of the U.S. Commodity Futures Trading Commission, a federal agency, ensuring everything is on the up-and-up for users. If you’re looking to dive in, new users in California can grab a sweet $50 bonus trading credit by using the promo code CBSSPORTS when they make a deposit of $10 or more.
How to Get Your $50 Bonus and What You Can Trade
Claiming your bonus is straightforward. Just register on Polymarket US with the promo code CBSSPORTS, then deposit at least $10. That gets you $50 in bonus trading credits. Remember, this offer is for new users only, and those credits aren’t withdrawable directly as cash. They’re meant for trading on the platform. Any earnings you make from settled trades, however, *do* convert into withdrawable cash. If a trade goes south, your deposited funds cover the loss first, and any remaining bonus is still good for future trades. Just be quick, those credits expire 30 days after you get them. Polymarket US is accessible to U.S. residents physically located in California or any state where the platform operates, and you need to be 18 or older.
When it comes to what you can trade, Polymarket US offers event contracts on a ton of outcomes, including current MLB and college football games. We’re talking about things like a Lakers victory or the outcome of a Rams versus 49ers matchup. It’s all about predicting what happens and putting your insights to the test. It’s worth noting that while Polymarket US is federally licensed and legal, the global cryptocurrency exchange polymarket.com is a different beast and isn’t legal or available in the United States. Also, if you’re looking at other options, Kalshi California has a welcome bonus of $55, but that requires at least $25 in trades to unlock.
The Green Light for Prediction Markets
The fact that Polymarket is federally licensed through the CFTC is a big deal. It means a long list of states, including California, have the green light for these prediction markets. It’s a regulated environment, which brings a level of legitimacy and security to trading on event contracts. This isn’t just some fly-by-night operation. It’s part of a growing landscape of California prediction market apps. So, for those of us who live for the thrill of the game and love to predict outcomes, having a regulated platform like Polymarket means more ways to engage with the sports we love.
So, whether you’re eyeing an MLB game or looking ahead to the gridiron, Polymarket offers a legal, regulated way to trade on outcomes right now. With that $50 trading bonus for new users, it might be worth checking out where your predictions stack up.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by CBS Sports.
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