PolyCash Review 2026: Peer-to-peer betting currencies

PolyCash is open-source software for launching blockchain-based currencies with features such as peer-to-peer betting, synthetic markets, configurable supply, and backing. The project describes these currencies as using transactions and private keys from an underlying blockchain. Its site lists Football Cents 2025 and Forex 32 as games.

Users can access a game through its interface or download the software and run a node. PolyCash emphasizes self-custody: users can hold the private keys to their bets and currency. Buying or selling a game's currency may still involve node operators or other participants.

The product is best understood as infrastructure for separate betting currencies, not as one uniform sportsbook. Game rules, settlement, and fees vary; the Football Cents description states a 1% payout fee and a settlement date of February 8, 2026. The project does not publish a general fee schedule, gambling licence, KYC policy, or security audit.

PolyCash is software for creating blockchain-based currencies, described as layer 2 or colored coins. A currency uses transactions and private keys from an underlying blockchain. Currency creators can set parameters such as initial supply, mining, backing, and betting fees. The software is open source, and users can download it to run a node and hold their own keys.

A currency can be used to create betting events where participants hold their own betting contracts rather than placing wagers with a centralized bookmaker. PolyCash also describes synthetic markets, stablecoin functionality, faucets, virtual sports, and gift cards. The details are specific to each currency and game: for example, Forex 32 uses contracts that settle after three days and may not track an asset accurately during large price moves.

PolyCash says betting fees can be configured by the creator of a currency. The Football Cents 2025 description specifies a 1% fee on each betting payout, which is destroyed; this should not be assumed to apply to other games. The project does not publish a general fee schedule or a standard fee for using the protocol. Check the terms shown for the individual game or currency before participating.

PolyCash describes its software as open source and supports a self-custody model, but it does not publish a security audit in the project information described here. Users remain exposed to software and blockchain risks, and may also face market, currency-backing, or node-operator risks. Self-custody means users are responsible for protecting their keys.

The project does not publish a gambling licence, regulatory status, or KYC policy. Check that online gambling is legal where you live, participate only if you are 18 or older, and set limits to avoid gambling more than you can afford to lose. The Football Cents 2025 page states a payout date that has passed; check each game's current status and settlement terms before participating.

PolyCash is aimed at users comfortable with blockchain wallets and game-specific currencies, especially those who want to hold their own keys or run a node. It is a weaker fit for people seeking a regulated, turnkey sportsbook with clearly standardized fees, customer protections, and published licensing details.