What is Backd
Backd is a social prediction market built on Polymarket. You back real markets with real money that sits in your own wallet, at Polymarket's prices. Every call is a real position, and anyone can check it against their own Polymarket account if they want to. Everything you back is public, so your friends can back or fade it, and your record is built from what actually settled.
The problem
Prediction markets put a price on whether something will happen. 58% means the crowd thinks it's a 58% chance. They're the sharpest odds there are, and they're lonely. You back alone, you win alone, and nobody can tell a good forecaster from a lucky one because records sit in private portfolios.
How Backd fits
Backd sits on top of Polymarket through its Builders Program. The markets, prices, order book and settlement are Polymarket's. Backd adds the people part: a feed of your friends' calls, Back and Fade, replies, combos, crews, challenges, live match centres, slips, ranks and a record nobody can edit.
Your money and positions are in your own Polymarket wallet, which your own wallet app (Phantom or MetaMask) signs for. Every backed call is an order on Polymarket's book at the live price. Polymarket collects Backd's 1% fee on each order and pays it to Backd. There is no other charge. See wallet and security, how money flows and fees.
How it differs from Polymarket
| Polymarket | Backd | |
|---|---|---|
| Prices and settlement | Polymarket's | The same. Your order fills on the same book at the same price. |
| Who sees your positions | Anyone who looks up your wallet | Your friends, your crew, your followers, with your name on it. Or nobody, if you set it that way. |
| Records | A portfolio page | Right %, profit, ROI, XP and a rank from settled calls. A slip for every call, a weekly Wrapped, leaderboards. |
| Backing others | By hand | One tap. Back or Fade any call at today's price. |
| Bundles | None | Combos of 2 to 10 picks in one slip. Swipe builds one in a minute. |
| Fee | Polymarket's fees where they apply | Plus Backd's 1% builder fee, collected by Polymarket. |
What Backd is not
Not a bookmaker. Backd never takes the other side of your call. You trade against other people on Polymarket's book.
Not a custodian. Backd never holds your money. Deposits go to your own Polymarket wallet and nothing leaves it without your signature.
Not a tipster. Records are facts from settled positions, not picks we sell.