Polymarket is offering new U.S. users a $50 bonus after they complete $10 in trades using the promo code AMNY. this incentive arrives as the platform seeks more growth ahead of the NFL matchup between the Pittsburgh Steelers and the New England Patriots.
The $50 reward for a $10 trading threshold
To unlock the $50 bonus, new registrants who are at least 18 years old must execute $10 in cumulative trades using the promo code AMNY. According to the report, the process requires a minimum initial deposit of $1 and the completion of a Knowledge-of-Your-Customer (KYC) verification via a government-issued ID.. Once the trading volume is met, the bonus is typically credited to the user's account within 12 to 24 hours.
The plaatform allows users to meet this $10 requirement through a single contract or by diversifying across multiple markets. This structure is intended to let new participants experiment with the mechanics of prediction markets before committing larger sums of capital.
Why Polymarket's peer-to-peer model avoids the "house" advantage
Unlike traditional sportsbooks, Polymarket operates as an exchange where users trade "yes" or "no" contracts directly with one another.. As the report says, this peer-to-peer structure means users are not betting against a house, but rather against other participants' views on an outcome.
Contracts on Polymarket are priced based on implied probabilities, with values ranging from 1 cent to 99 cents. If the predicted outcome occurs, the contract settles at $1; if it fails, it settles at $0. This allows traders to exit positions early by selling their contracts to other users,potentially locking in gains before a game even concludes.
The 68 .5% implied probability for a New England Patriots win
The current market sentiment on Polymarket heavily favors the New England Patriots,who hold a 68.5% implied likelihood of victory over the Pittsburgh Steelers, who sit at 31.5%. For those looking beyond the winner-take-all market, the platform features a total points market set at 41.5 points, which has already seen trade volume exceed $5.5k.
While the promotion is timed around the Steelers-Patriots game, the $50 bonus applies to any NFL market available that week. this includes other high-volume matchups, such as the game between the Chargers and the Raiders, giving users several avenues to satisfy the trading requirement.
The nine U.S. states where the AMNY code is invalid
Despite its expansion efforts, Polymarket remains restricted in several jurisdictions due to state-level regulations. The $50 bonus is unavailable to residents of Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, Ohio, and Washington.
The platform is regulated by the Commodity Futures Trading Commission (CFTC), but the report notes that the company must remain mindful of the patchwork of state laws that can restrict access. Prospective users are encouraged to verify their residency eligibility during the registration process to avoid account issues.
The shift toward politics and entertainment markets
The push into NFL markets is part of a broader trend where prediction markets are moving beyond niche financial circles into mainstream sports,politics, and entertainment. By increasing forum liquidity through aggressive bonuses, Polymarket aims to normalize the trading of real-world outcomes as a standard form of speculation.
However, certain details remain opaque. It is not entirely clear which specific state-level regulations are the primary drivers of the current exclusions, nor is it specified how the CFTC's regulatory framework will evolve as the platform scales its consumer-facing promotions. Furthermore, the report only presents the platform's perspective on risk, leaving the actual historical loss rates of new users unaddressed.
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