How do Polymarket bots work?
Polymarket bots are automated trading programs that interact with the Polymarket API. How they work: API access - Polymarket provides an API that allows programmatic trading.
Bot strategies - Bots can be programmed to execute various strategies like arbitrage, market making, or trend following. Smart order routing - Bots can place orders across multiple markets simultaneously. Automation - Bots can monitor markets 24/7 and execute trades instantly when conditions are met.
Technical requirements: You need programming skills or pre-built bot software. API keys from Polymarket are required. Must connect via Polygon blockchain.
Legal considerations: Bot trading is generally allowed but manipulation is prohibited. Insider trading via bots is illegal. Terms of Service apply to automated trading.
Risks: Buggy bots can lose money quickly. High-frequency trading carries significant risk. Slippage and fees can erode profits.