> ## Documentation Index
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Trading Competitions

> Polymarket Perps Bi-Weekly Trading Competitions

Welcome to Polymarket Perps Bi-Weekly Trading Competitions.

## Timeline

Competitions will be announced a few days ahead of going live, and traders can
track upcoming, live and ended competitions on our
[Competitions page](https://polymarket.com/perps/competitions).

## Prizes

Each competition has a **\$50,000 prize pool**, paid to the top 50 traders on
the final leaderboard. Prizes are credited as pUSD to the winner's Polymarket
Perps account within \~1 week of the competition ending. No claim is needed.

Live rankings appear on the leaderboard in the Competitions tab of the
Polymarket Perps page. Final rankings are confirmed after a review for rule
violations, so standings can shift if any accounts are disqualified. Only trades
made during the competition window count toward your score.

Prize pool breakdown:

| Place | Prize per trader | Traders | Total |
| - | -: | -: | -: |
| 1st | \$10,000 | 1 | \$10,000 |
| 2nd | \$6,500 | 1 | \$6,500 |
| 3rd | \$4,500 | 1 | \$4,500 |
| 4th | \$3,500 | 1 | \$3,500 |
| 5th | \$2,500 | 1 | \$2,500 |
| 6th–10th | \$1,200 | 5 | \$6,000 |
| 11th–24th | \$750 | 14 | \$10,500 |
| 25th–50th | \$250 | 26 | \$6,500 |
| **Total** | | **50** | **\$50,000** |

## Rules & Guidelines

> **1. Who can enter**
>
> Open to all non-restricted users. No sign-up needed.
>
> * Eligibility follows Polymarket's restricted-persons policy.
> * Any trade on a competition market during the competition window enters you
>   automatically.
> * Only the competition's markets count, and they're announced before the start.
>   If all markets are in scope, new listings count too.

> **2. How scoring works**
>
> Score = PnL × √Boosted Volume, on competition markets only.
>
> * **Volume:** the notional size of every fill on qualifying positions, including
>   maker and taker fills, closes, and liquidations.
> * **PnL:** realized plus unrealized PnL after fees and funding. Funding received
>   and maker rebates add to PnL. Funding paid and fees subtract from it.
> * **Boosts:** boosted markets multiply your volume for scoring (e.g. 3x). Other
>   markets count at 1x. Boosts never change your PnL.
> * **Negative scores:** negative PnL produces a negative score, and negative
>   scores still rank.

> **3. \$100K minimum to rank**
>
> Trade \$100K in notional volume to qualify for prizes.
>
> * Only volume on competition markets counts toward the minimum.
> * Boosts count toward your score but not toward the minimum.

> **4. Only new positions count**
>
> Positions open at the start are excluded, and so is any trade that adds to them.
>
> * Any trade in a market where you hold a pre-competition position adds to that
>   position, so it won't count toward your volume, PnL or the minimum.
> * Close the position fully to start counting trades in that market.
> * If you flip a pre-competition position (e.g. sell past your long into a
>   short), only the new position counts, from that point on.

> **5. Timing and payouts**
>
> Top 50 are paid in pUSD to their perps account after a \~5-day review.
>
> * Only trades filled between the start and end time (UTC) count.
> * Open positions are scored at the oracle mark price at the end. Closing them
>   after the end doesn't change your score.
> * **Ties:** higher boosted volume wins, then the earliest first trade.
> * One prize per user per competition. If more than one of your wallets places,
>   only the best-ranked one wins.
> * No KYC or claim needed.

> **6. Fair play**
>
> Manipulation of any kind disqualifies all associated accounts.
>
> * This covers wash trading, self-trading, and multi-accounting.
> * Polymarket may change, pause, or end the program, adjust scoring, withhold
>   prizes, or disqualify anyone at its discretion.

[Full Rules](https://docs.google.com/document/d/e/2PACX-1vRoHUTKW0vWtjRcggirQeWhnSrf35HKVKfJ2q3bg-P2p1kRZpDwLe8FqMYzFqVToA/pub)

[Start Competing](https://polymarket.com/perps/competitions)

Join live or upcoming competitions to earn your share of \$50k in cash
prizes.

> **Competition Terms & Conditions**
>
> [Competition Terms & Conditions](https://docs.google.com/document/d/e/2PACX-1vRoHUTKW0vWtjRcggirQeWhnSrf35HKVKfJ2q3bg-P2p1kRZpDwLe8FqMYzFqVToA/pub?embedded=true)


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