Guides · Core explainer

How Desipoly works

This is the full trader flow, from connecting a wallet to collecting a payout. We'll use a concrete IPL example so every number is real.

Step 1: Get USDC on Polygon

Desipoly settles everything in USDC (a dollar-pegged stablecoin) on Polygon PoS. You need two things: a browser wallet like MetaMask or Rainbow, and USDC on Polygon.

• Buy USDC directly on an exchange that supports Polygon withdrawals (Coinbase, Kraken, OKX, Binance).
• Or bridge USDC from Ethereum mainnet using the Polygon Portal or a cross-chain bridge.
• You'll need a small amount of MATIC for gas fees — typically $1–2 is enough for many trades.

Details on why USDC and not INR are in USDC and crypto settlement.

Step 2: Connect your wallet

On desipoly.com, click Connect Wallet. You sign a Sign-In With Ethereum (SIWE) message — this proves ownership of your address without sending a transaction or spending gas. No email or password.

Step 3: Pick a market

Let's use a real example: "Will Chennai Super Kings win IPL 2026?" Suppose YES is trading at 42¢ and NO at 58¢. The market is pricing roughly a 42% probability that CSK wins.

Every market on Desipoly has three things you should read before trading:

• Resolution criteria. The exact definition of YES. For CSK, it reads something like: "CSK is declared the winner of the IPL 2026 final per iplt20.com."
• Resolution source. The URL the committee will consult. Here, iplt20.com.
• Deadline. The date/time after which the market settles.

Step 4: Place a trade

You think CSK is undervalued at 42¢ — you put their odds closer to 55%. You enter $100 USDC on the YES side. At a 42¢ average fill, that's approximately 238 YES shares (100 ÷ 0.42).

At launch, Desipoly uses a fixed-product AMM — your trade walks the curve, so larger orders get worse average fills (slippage). For small trades on liquid markets, slippage is negligible. For a deeper explanation see LMSR and AMM explained.

You sign the Polygon transaction in your wallet. Gas is typically a few cents. Shares appear in your portfolio.

Step 5: Watch the price move (or don't)

Over the IPL season, CSK wins a few games and YES rises to 55¢. You have choices:

• Hold to resolution. If CSK wins the final, each YES share pays $1. Your 238 shares become $238.
• Sell now. Sell 238 YES at 55¢ and collect ~$131. Profit locked, no final-night anxiety.
• Add to the position. Buy more YES at the higher price if you now believe even more strongly.

Step 6: Resolution

The IPL final happens. Suppose CSK wins. Within a few hours of the match, a Desipoly human resolver proposes YES on-chain, citing iplt20.com. A dispute window opens (a few hours). If nobody disputes, the market settles YES automatically.

If someone disputes, the outcome is escalated to the UMA Optimistic Oracle v3, where UMA token holders vote on the correct answer. UMA's answer is final. The full flow is described in how markets resolve.

Step 7: Redeem your payout

Once the market is settled YES, go to your portfolio and click Redeem. Your 238 YES shares are burned and 238 USDC is transferred to your wallet on Polygon. From there you can withdraw to an exchange or bridge elsewhere — it's your money.

Fees, briefly

• Trading fee: a small percentage per trade, in USDC.
• Gas fee: Polygon gas, typically a few cents per transaction.
• No deposit or withdrawal fee from Desipoly itself.

What Desipoly is not

• Not a SEBI-regulated exchange.
• Not a licensed gaming operator.
• Does not accept INR deposits or withdrawals.
• Does not offer leverage, margin, or derivatives on market shares.

For the full picture on jurisdiction see is Desipoly legal in India?

Where to go next

• Reading market prices
• Bet on the IPL
• Browse live markets