Frequently Asked Questions
Is Polymarket legal in my country?
It depends on where you are. Polymarket re-opened to US users in 2025 via QCEX. France, Singapore, and several other jurisdictions block access; the UK Gambling Commission treats prediction markets as gambling and licenses them under that frame.
Why is Polymarket blocked in France?
France’s gambling regulator (ANJ) ordered Polymarket to block French users in 2024, arguing the platform operates an unlicensed gambling product under French law. Polymarket complied with the geo-block.
Can Australians trade on Kalshi?
No — Kalshi is a CFTC-licensed US Designated Contract Market and its terms restrict access to US persons. Australian residents would need a US tax presence or a separate venue. Australian-licensed sports prediction operators exist domestically.
How does the UK regulate prediction markets?
The UK Gambling Commission treats most prediction-market products as gambling and licenses them under the Gambling Act 2005. UK users have access to licensed prediction-market operators like Smarkets but not to unlicensed offshore venues.
Does the EU have a unified prediction-markets framework?
No — gambling and financial-instrument regulation are member-state competencies, so each EU country handles prediction markets differently. The EU’s MiCA framework covers crypto-asset markets but does not specifically classify on-chain prediction markets.
What non-US prediction markets exist?
Smarkets (UK), several Australian sports prediction operators, and global on-chain venues like Augur successors and Manifold all run real volume. The International section covers product launches and regulatory actions across these venues.