What Is a Polymarket automated bot? How It Works, Risks & Tools (2026)

What Is a Polymarket automated bot?

A Polymarket automated trading bot is software that automatically replicates another wallet's YES/NO positions in your trading wallet on Polymarket. Instead of you placing each trade by hand from a playbook, the bot places and adjusts positions so your wallet stays in sync with a chosen "source" wallet—often a top performer from a leaderboard (e.g. 60%+ win rate, 50+ trades, positive PnL). You connect your wallet once, turn the bot on, and it copies the source; when you turn it off, no new trades are placed and your existing positions stay. A good tool also gives you a single dashboard to see your open positions and trade history for the connected wallet. For how to find wallets worth copying, see how to copy trade on Polymarket and best Polymarket wallets to copy: criteria and tools.

How Does a Polymarket automated bot Work?

The bot runs in the background (often 24/7 when enabled). It (1) reads the source wallet's open positions from public or on-chain data, (2) compares them to your connected wallet's positions, and (3) places or adjusts trades so your positions match the source—same markets, same side (YES/NO), and similar sizing where possible. You don't execute each trade yourself; the tool does it using the wallet you connected. You can enable or disable the bot at any time. When disabled, it stops placing new trades but does not close your existing positions. Many platforms use a single, pre-vetted source wallet (e.g. their top leaderboard wallet) so you get a consistent edge without picking a source yourself. HolyPoly's bot works this way: connect your wallet, turn it on or off, and view open and historic positions from one page.

How Do I Connect My Wallet to a automated bot?

You sign in to the copy-trading platform (e.g. with email), then add your Polymarket trading wallet. That usually means pasting a private key or connecting through the tool's secure flow so it can place trades on your behalf. The tool stores the key encrypted and uses it only to mirror the source wallet. You should only use a wallet dedicated to this strategy and only with a trusted tool. After connecting, you'll see options to turn the bot on or off and, in many tools, a dashboard showing your open positions and recent activity. On HolyPoly, Pro users connect their wallet in profile and manage the bot and view positions on the bot page.

Can I See My Open and Past Positions When Using a Bot?

Yes. A solid copy-trading product shows your open positions (market name, side, average price, current price, PnL) and your recent trade history for the connected wallet in one dashboard. You can turn the bot off and still see all open and historic positions so you're never in the dark. That way you can monitor performance, check PnL, and decide when to re-enable the bot or close positions yourself. HolyPoly's bot page lists open positions and recent activity for your connected wallet, so you have a single place to track what the bot has done and what you're holding. For more on tracking PnL and positions, see Polymarket win rate vs PnL.

Is a Polymarket automated bot Safe? Risks to Know

Safety depends on the provider and how you use the bot. Main risks:

• Past performance ≠ future results — The source wallet's edge may not continue; they can change strategy or stop trading.
• Custody and keys — You give the tool the ability to trade from your connected wallet. Use a reputable provider with clear security (e.g. encrypted key storage) and only a wallet you use for this purpose.
• Slippage and timing — The bot may get slightly different prices than the source when markets move or liquidity is thin.
• Regulation — Prediction markets (and sometimes copy-trading tools) are not available in all jurisdictions. Check your local rules before using a bot.

You can reduce risk by turning the bot off when you want to stop new trades while keeping existing positions, and by only risking capital you can afford to lose. For when a bot makes sense vs copying manually, see Polymarket copy trading vs manual trading.

automated bot vs Manual Copy Trading

A automated trading bot places and adjusts trades for you so your wallet mirrors a source wallet; you connect once, turn it on, and it runs in the background. Manual copy trading means you get playbooks or instructions (market, side, entry, size) and you place each trade yourself on Polymarket. Bot = automation and less day-to-day effort; manual = you control every trade. Many platforms offer both: a leaderboard and playbooks for manual copying, plus an optional bot you can turn on or off, with one dashboard for your open and historic positions. HolyPoly gives you edge analytics (leaderboard, wallet profiles, playbooks) and an optional automated trading bot; you can copy manually from playbooks or enable the bot and let it mirror the top wallet. For a full comparison, read copy trading vs manual trading on Polymarket.

Frequently Asked Questions: Polymarket automated bot

What is a Polymarket automated trading bot?

A Polymarket automated trading bot is software that mirrors another wallet's positions in your own account. You connect your wallet, choose a source (or the platform's top wallet), turn the bot on, and it opens and closes positions to match the source. You can turn it off anytime; your existing positions stay, and you can see your open and historic positions in one dashboard.

How do I connect my wallet to a automated trading bot?

Sign in to the copy-trading tool, then add your Polymarket trading wallet (e.g. by pasting a private key or using the tool's secure connect flow). The tool uses this wallet to place trades that mirror the source. Only use trusted tools and a wallet dedicated to this strategy. HolyPoly lets you connect your wallet in your account and turn the bot on or off from the bot page.

Can I see my open and past positions when using a bot?

Yes. A good tool shows your open positions (market, side, prices, PnL) and recent trade history for the connected wallet in one place. You can turn the bot off and still view all open and historic positions. HolyPoly's bot page shows open positions and recent activity for your connected wallet.

Is Polymarket automated trading bot safe?

Safety depends on the tool and how you use it. Risks include the source wallet's edge not continuing, relying on the tool's security for your connected wallet, and prediction markets not being available in all jurisdictions. Use a reputable tool, only connect a dedicated wallet, and never risk more than you can afford to lose. You can turn the bot off to stop new trades while keeping existing positions.

What's the difference between a automated trading bot and manual copy trading?

A automated trading bot automatically places and adjusts positions to match a source wallet. Manual copy trading means you get playbooks or instructions and place each trade yourself on Polymarket. Bot = hands-off mirroring; manual = you control every trade. Some tools offer both: playbooks for manual copying and an optional bot you can turn on or off.