The Gnosis Conditional Token Framework (CTF) is the infrastructure beneath many on-chain prediction markets. Polymarket uses it. So do several smaller platforms. The CTF turns ambiguous real-world events into tradeable tokens that can be split, merged, and settled on-chain.
Prediction markets let people trade shares in the outcome of future events - elections, sports championships, crypto protocol upgrades, even whether a specific temperature record will be broken. On-chain prediction markets encode those shares as digital tokens, resolve them against real-world data,
A binary prediction market lets you bet on a yes-or-no outcome. Will the Federal Reserve cut rates by September? Yes or no. Will a specific candidate win the election? Yes or no. Each outcome is represented by its own token, and the price of that token is meant to reflect the market’s estimate of th
Polymarket is a prediction market platform where users trade binary outcomes on real-world events. This walkthrough covers the practical steps from wallet setup to withdrawal, assuming you are using MetaMask on the Polygon network.
Collateral custody exists on a spectrum. At one end, fully non-custodial systems hold user funds entirely in smart contracts. At the other, fully custodial platforms control everything - wallets, funds, and settlement. Between them sits a hybrid model, and Polymarket is the clearest example.
Any prediction market platform that allows anyone to create a market must solve a basic problem: spam. A user could create dozens of markets with vague, duplicated, or unverifiable questions. Without a cost barrier, the platform becomes unusable. Bonds and validity deposits are the economic answer.
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How to convert crypto: on-chain vs off-chain
Off-chain (on an exchange)
Your trade happens inside the exchange's own ledger. Nothing
touches the blockchain until you withdraw.
Cheapest and fastest for common pairs
Needs an account and usually ID verification
The exchange holds the coins until you withdraw them
Best for converting to and from cash
On-chain (a DEX or swap)
You swap from your own wallet. The transaction settles on the
chain and you pay its fee.
No account, no custodian — you keep the keys
You pay network fees, which vary a lot by chain
Small or new tokens often only trade here
Slippage and thin liquidity are real costs on low-volume pairs
Before any on-chain swap: check the token's contract address
against a block explorer, start with a small test amount, and review what you
are approving — an unlimited token approval to an unknown contract is how most
wallet drains actually happen.
Not financial advice. wswap.site publishes market data and
general information about digital assets. Crypto assets
are volatile and you can lose everything you put in. Nothing here is a
recommendation to buy, sell or hold, and we make no price predictions.
Prices are sourced from third parties and may be delayed or wrong. Verify anything
you intend to act on against a primary source.