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Getting started on Polymarket from Telegram in 10 minutes

· 10 MIN READ

No exchange account, no app install. Your wallet is created the moment you open the mini app — this guide walks from first deposit to first position in ten minutes.

title: "Getting started on Polymarket from Telegram in 10 minutes" description: "No exchange account, no app install. Your wallet is created when you open the mini app — from first deposit to first position, step by step." tag: GUIDE readingMinutes: 10 publishedAt: "2026-07-15" lead: "No exchange account, no app install. Your wallet is created the moment you open the mini app — this guide walks from first deposit to first position in ten minutes."

The usual path onto a prediction market involves an exchange account, a browser wallet, a seed phrase, and a bridge. This one doesn't.

1. Open the bot

Start @poly_sport_bet_bot in Telegram and tap Start. That's the whole signup.

2. Your wallet creates itself

Opening the mini app generates a self-custodial wallet through Privy, tied to your Telegram login. There's no seed phrase to write down and no extension to install.

Self-custodial is the important word: the keys are yours. Oddzy can sign orders you approve, and you can export the private key or revoke that permission at any time. Your balance is never held by us.

If you're on Telegram Desktop for Linux, use your phone or a browser for wallet setup — the desktop webview has a known issue initialising the wallet.

3. Fund it

You'll be given a deposit address on Polygon, for USDC.

  • Sending from an exchange? Withdraw USDC and pick the Polygon network. Double-check that — USDC sent on Ethereum mainnet won't arrive.
  • Already hold USDC on Polygon? Send it straight across.
  • Small first deposit is fine. The minimum stake is $1.

Deposits are picked up automatically and your balance updates in the bot.

4. Find a market

Browse by category, or open the mini app for the full feed sorted by 24-hour volume. Each market shows the YES and NO price in cents, the volume traded, and when it resolves.

Start where you actually know something. An informational edge is the only durable one.

5. Place a position

Pick a side, choose a stake, and check the payout preview before confirming:

  • Price — what one share costs, in cents.
  • Shares — how many you get for your stake.
  • Payout if correct — what those shares pay at $1 each.

Confirm, and the order is signed and submitted on-chain. You get a receipt with the transaction hash.

6. Manage it

Your position appears under Positions with live P&L. You can hold to resolution, or exit early at the current market price if your view changes.

When the market resolves, winning shares pay $1 each straight to your wallet.

A note on risk

You can lose your entire stake. Prices move against you, thin markets can fill worse than the quote suggests, and a market you were "sure" about resolves the other way often enough to matter. Stake accordingly. 18+.