Before a first deposit into prediction markets on PolySouq, many people ask: "I hold USDT, can I deposit it?" The short answer is no. The platform accepts USDC on the Polygon network only, either native USDC or the bridged USDC.e, and USDT or any other coin is not credited to your balance. This guide explains the difference between the two stablecoins, why the platform uses USDC, how to convert USDT to USDC before depositing, and the mistakes that cost money. The minimum deposit is 0. This is real-money trading: you can lose the full amount you put into any market, and nothing guarantees a profit.
The rule is easy to remember: the coin is USDC, the network is Polygon. Any other combination will not show in your balance. Withdrawals are also in USDC only, to an address on Polygon, with a $5 minimum; they require a verified email, and larger withdrawals go through manual review. Full details are in the deposits, withdrawals and fees guide.
Both are stablecoins pegged to the US dollar, meaning one unit is designed to stay around one dollar. The main difference is the issuer and how reserves are disclosed:
A stablecoin is not risk-free: its peg depends on the issuer and its reserves, and its price can wobble slightly under stress. But the point here is purely practical: PolySouq uses a single currency to keep balances and settlement simple, and that currency is USDC.
For step-by-step deposit instructions and common fixes, see the USDC on Polygon deposit and troubleshooting guide.
If your current balance is in USDT on an exchange or in a wallet, the usual path is to convert first, then deposit:
We do not recommend any particular exchange. Choose a reputable one available in your country, and check its terms and fees yourself.
If you send an unsupported coin by mistake, contact support immediately with the transaction hash, bearing in mind that recovery is not guaranteed. It is always better to check before sending than after.
Once your deposit shows in your balance, you can trade in any open market: football, crypto, politics, economics, and Gulf and US stocks. Every market runs as a parimutuel pool: you stake on the outcome you expect, and if you are right you get your stake back in full plus your share of the losing pool after a 10% commission on the losing pool only. There is no entry fee, no signup bonus and no free credit: everything you trade with is money you deposited yourself.
Remember too that selling before settlement is not available and your stake stays in the market until it ends, except for cancelling a football stake before kickoff. So never put money into a market that you may need before it settles. To plan a withdrawal later, see how to withdraw USDC step by step.
If you are looking for a stablecoin event trading platform or prediction market trading platform, the rule on PolySouq is simple: USDC on Polygon for deposits and withdrawals, with a
Crypto transfer risk: USDC is a crypto asset moved on a public blockchain, and blockchain transfers cannot be reversed. Sending an unsupported coin or using the wrong network can lose the funds, so use the deposit address exactly as shown in your account and start with a small test amount. PolySouq does not claim that funds are insured or guaranteed by anyone.
Risk warning: trading on PolySouq uses real money (USDC). You can lose the full amount you put into any market, and nothing guarantees a profit. Only trade what you can afford to lose. The service is for users aged 18+, and eligibility and terms apply. This content is educational; seek independent financial advice before any financial decision.
Start with opening an account and your first trade, then browse the markets once your deposit arrives.
No. PolySouq accepts USDC on the Polygon network only, either native USDC or USDC.e. USDT and other coins are not credited to your balance, so convert to USDC before depositing.
Yes. The platform accepts both native USDC and bridged USDC.e, as long as the transfer is on the Polygon network.
The minimum deposit is
Both are stablecoins pegged to the US dollar. USDC is issued by Circle and USDT by Tether. On PolySouq only USDC is accepted.
Through the exchange or wallet where you hold the USDT, using a USDC/USDT pair or a direct convert feature. After converting, withdraw USDC on the Polygon network to the personal deposit address in your account.
The amount will not be credited to your balance. Contact support immediately with the transaction hash, bearing in mind that recovery is not guaranteed because blockchain transfers cannot be reversed.
No. Withdrawals are in USDC only, to an address on the Polygon network, with a $5 minimum and a verified email required. Larger withdrawals go through manual review.
The only commission PolySouq charges on trading is 10% of the losing pool at settlement. Network fees or exchange withdrawal fees are set by those parties, not by PolySouq.
Disclaimer: Prediction markets are a legal and legitimate way to trade information about the outcomes of future events. However, trading carries risk and you may lose the full amount you trade — so only trade what you can afford to lose. This content is educational and is not financial or investment advice.