LockstepMarkets

Getting started

Five minutes, and the first useful answer comes in about sixty seconds. Steps 1 to 5 are free, need no wallet and no key, and are where most of the value is. Step 6 is optional and paid, and by default only runs for wallets the evidence supports.

  1. 1

    Create your account Free

    Email and a password. You will see a short disclosure first — it is the honest version of what this does and does not do, and it is worth the two minutes. Confirm your email when the message arrives.

  2. 2

    Analyse a wallet Free

    Open Analyse and paste any Polymarket wallet address (0x followed by 40 characters). We read its entire settled history, resolve every market against Polymarket’s own record, and return a verdict. The first analysis of a wallet takes up to a minute; after that it is instant.

    Where to find an address

    • Open any market on Polymarket and look at Top Holders, or browse the public leaderboard.
    • Click a trader to open their profile — the address is in the URL.
    • Your own address is on your Polymarket settings page. This is the one most people find hardest to look at, and the most useful.
    Nothing is shared

    Polymarket trading history is public on-chain data. The wallet’s owner is not notified and cannot tell you looked.

  3. 3

    Read the verdict Free

    Five things can come back. The most common is the third one.

    Edge detected Won materially more often than the prices paid imply, by more than luck comfortably explains. Rare.
    Ahead, but within luck Better than their prices, but not by enough to rule out chance. Interesting, not conclusive.
    No detectable edge They win about as often as their prices imply — which is what paying fair value looks like. This is the usual answer, including for many wallets showing large profits.
    Worse than their prices Has lost to its own entry prices over a meaningful sample.
    Not enough history Under 30 settled markets. Nothing can honestly be concluded.

    Alongside the verdict you get the numbers behind it: markets settled, wins versus expected, the edge in standard deviations, how long their markets typically run, and whether their result survives removing their single best market.

    What a verdict is not

    Every figure describes the past. “Edge detected” means a record is unlikely to be luck — not that it will continue, and not that you should follow anyone. Edges fade and get competed away.

  4. 4

    Check the screened leaderboard Free

    Below the search box we publish Polymarket’s most profitable traders, scored the same way. Wallets that clear the bar are marked; the rest are listed with the reason each falls short, which is usually the more instructive read.

    The bar rises with the number of wallets screened. Examine forty traders at the textbook threshold and one or two clear it by chance alone — and because you sorted on the statistic they got lucky on, those are exactly the ones that float to the top. Correcting for that is the difference between a leaderboard and a slot machine. Some weeks nobody qualifies, and we say so plainly.

  5. 5

    Test a strategy with imaginary money Free

    Add wallets to your watchlist, set your rules in Settings, and press Start. The simulator follows them with notional money against real live prices, and the Activity tab shows every trade it saw and what it decided, including why it skipped things.

    Backtest does the same over history: replay a wallet’s real past through your rules and see the result, with the luck-concentration shown beside it — how much of the outcome rests on one or two markets.

    Simulated results are optimistic

    Every order fills instantly, in full, at the price shown, with no spread. Real trading does none of that, and the gap is widest in exactly the thin markets where simulated returns look best. Treat it as a test of your rules, not a forecast of returns.

  6. 6

    Copy for real — only if the evidence holds Pro

    Finding a wallet that genuinely beats its own prices is the hard part. Once you have, you can connect a dedicated wallet and have that wallet’s trades copied automatically, sized to limits you set.

    The default, and why it exists

    Out of the box, real orders go only to wallets that cleared the evidence bar — so you cannot end up copying an unproven one by accident or by never checking. We built the measurement before the copier.

    If you have read a verdict and want to follow that wallet anyway, there is a switch in Settings to allow it. It is your money and your call; we will keep showing you what the evidence says either way.

    These must all be true before a single real order is placed:

    1. A paid plan, and a confirmed email address.
    2. A followed wallet showing Edge detected — or the Settings switch turned on deliberately.
    3. A stored key for a wallet you control, and a real-money bankroll set in Settings. Leave the bankroll at 0 and nothing is ever placed.
    4. You type ARM to confirm. Nothing before this spends a penny.
    5. The wallet is inside your plan’s copy allowance — ten at once on Pro, no limit on Unlimited.
    Use a dedicated wallet

    Create a wallet specifically for this, funded only with what you are prepared to lose. Never your main wallet. Your key is encrypted the instant it arrives and never shown again — but the bot must decrypt it to sign orders while you sleep, so a breach of our server could expose it. Nobody can build this feature without that being true, which is why the wallet should hold little.

    Where to find your private key

    Which answer applies depends on how you signed up to Polymarket, and the two cases are completely different. Check polymarket.com/settings first: if there is a Private key tab down the side, you are in the first case. If there is not, you are in the second.

    1. You signed up with an email address or a social login. Polymarket made a wallet for you and holds it, so it can hand you the key.

    1. Go to polymarket.com/settings.
    2. Open the Private key tab.
    3. Confirm the prompt and copy the key it reveals. It is 64 characters of 0-9 and a-f, sometimes with 0x in front. Both forms work here.
    4. Paste it into Settings → Live trading.

    2. You connected an existing wallet — MetaMask, Coinbase Wallet, Rainbow, a hardware wallet, anything you had already. Polymarket never had your key and cannot show it to you. It is in that wallet app, and only you can get it out. In MetaMask, for example, it is under the three dots beside the account name → Account detailsShow private key. Other wallets word it similarly.

    If your wallet is a hardware device

    A Ledger or Trezor is built so the key can never leave it. That is the whole point of owning one, and there is no way around it. Make a separate software wallet for copying, fund it with what you can afford to lose, and leave the hardware wallet out of this entirely.

    Four things people paste by mistake

    All four are rejected, and Lockstep now tells you which one you pasted rather than just saying it is wrong.

    • A wallet address0x then 40 characters. Public, and printed all over Polymarket. The key is 64 characters and secret.
    • A Relayer API key from that tab in Polymarket’s settings. It looks like 8f3c1a2e-... with dashes. Lockstep signs its own orders and has no use for it.
    • A seed phrase — twelve or twenty-four words. Never paste this anywhere, here included. It controls every wallet the phrase ever made, not just one.
    • The key with something stuck to it — a stray quote, a trailing comma, a line break from a PDF. Count the characters: after 0x there must be exactly 64.

    You can disarm or delete the key at any time; both stop real orders immediately. Clearing the bar is not a promise — a wallet that has beaten its prices can simply stop, and you can lose everything you commit.


Common questions

Does this place trades for me?

Only if you deliberately turn it on, on a paid plan, for a wallet that cleared the evidence bar — and only after you connect a wallet and type ARM to confirm. By default the answer is no: analysis and simulation need no key at all, and most people never go further.

Why does a wallet with huge profits show “no detectable edge”?

Because profit and skill are different things. Profit rewards betting big and getting lucky at long odds — in markets that pay all-or-nothing, one three-cent winner can outweigh a hundred losses. We ask instead whether they won more often than the prices they paid imply. That is the one thing stake size and long-odds luck cannot manufacture.

What does the z number mean?

How far the record sits from what the wallet’s own prices predicted, measured in standard deviations. Around 0 means exactly as expected. Above 2 starts to be hard to explain by chance — and we raise that threshold when screening many wallets at once, because searching harder finds more accidents.

Can I analyse my own wallet?

Yes, and it is the single most useful thing here. Nobody can judge their own record from the inside — wins are memorable and sample sizes are small. If your history is too short to judge, we will tell you that rather than guess, which is itself worth knowing.

How often do the numbers change?

An analysis is cached for a few hours; the screened leaderboard rescores every six. Verdicts move slowly because they are built on settled history, so a wallet rarely changes category from one day to the next.

What do I get for paying?

The free plan includes five analyses in total — enough to check yourself and a couple of traders. Pro (£60/month, or £320 for six months and £570 for twelve) gives you 200 analyses a day, deeper backtesting, and copies up to ten wallets at once. Unlimited (£90/month, £480 for six months, £860 for twelve) removes the wallet cap entirely and raises the daily allowance further. The leaderboard and the simulator are on every plan, and wallets already scored stay readable whatever you are on.

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