Polymarket and Kalshi in Australia
Neither is open to Australians. The Australian Communications and Media Authority (ACMA) found Polymarket to be an unlicensed gambling service and asked internet providers to block it in August 2025. Polymarket lists Australia as close-only, which means existing positions can be closed but new ones cannot be opened. Kalshi lists Australia as a restricted jurisdiction and prohibits people there from trading.
ASIC's Moneysmart says no prediction market is licensed as a financial market in Australia and tells consumers to avoid offshore providers.
Current status in Australia
Each row links to the regulator's or the platform's own page. We re-read every source at least every 45 days and show the date we last did.
| Platform | Status | What the source says | Checked |
|---|---|---|---|
| Polymarket | Blocked | ACMA found Polymarket an unlicensed gambling service and asked ISPs to block it. Polymarket itself lists Australia as close-only. Source: ACMA investigations | Checked |
| Kalshi | Blocked | Kalshi lists Australia as a restricted jurisdiction. People living or located there are prohibited from trading event contracts. Source: Kalshi Member Agreement | Checked |
How it got here
ASIC's Moneysmart updates its prediction markets warning: no prediction market is licensed as a financial market in Australia, and consumers should avoid offshore providers. Source: Moneysmart (ASIC)
ACMA announces it has asked Australian internet providers to block Polymarket, among other sites, because the service continued to breach the Act. Source: ACMA
ACMA sends a formal warning to Polymarket's operator after finding the service breached the Interactive Gambling Act 2001. No Australian licence has been issued for it. Source: ACMA formal warning
Who regulates prediction markets in Australia
ACMA: prediction markets as gambling
ACMA enforces the Interactive Gambling Act 2001. It found that Polymarket offered a wagering service to customers in Australia. Wagering services can be provided to Australians only by an operator licensed by a state or territory, and ACMA records that no Australian licence has been issued for Polymarket. It also found the in-play betting on sport to be a prohibited service.
ACMA sent a formal warning on 2 July 2025 and then asked internet providers to block the site because the service continued to breach the Act. polymarket.com is on ACMA's list of blocked gambling websites. ACMA's published investigations do not name Kalshi.
Source: ACMA investigationsASIC and Moneysmart: the consumer warning
ASIC regulates financial markets. Its consumer site, Moneysmart, says no prediction markets are currently licensed as financial markets in Australia and no prediction market operator is licensed to operate there, so the rights and protections of Australian financial services law do not apply.
Moneysmart compares prediction markets with binary options, noting that an ASIC review found around 75% of retail clients lost money trading them. It advises checking ACMA's list of blocked gambling websites before using a platform.
Source: Moneysmart (ASIC)What you can use from Australia
We do not list a prediction-markets product for Australia. ACMA's finding against Polymarket rests on the product itself: a prediction market offered to customers in Australia is a wagering service that needs a state or territory licence, and Moneysmart says no prediction market operator holds one.
Several casinos in our reviews run prediction markets and some accept Australian players for their casino games. We are not presenting those markets as an option here while the regulator's position is that the product needs an Australian licence. If an Australian-licensed operator launches one, it will be listed on this page with its licence.
Risks to know about
An offshore prediction market has no Australian licence, so Australian financial services law gives you no rights or protections against it. Moneysmart's advice is to avoid offshore prediction market providers.
Polymarket's terms name Australia as a restricted territory and prohibit any attempt to evade its location restrictions.
ACMA blocks sites as it finds them. A platform that works today can be added to the blocked list, and ACMA's list is the place to check.
Frequently asked questions
ACMA found Polymarket to be providing a prohibited and an unlicensed regulated interactive gambling service to Australian customers, in breach of the Interactive Gambling Act 2001. It issued a formal warning on 2 July 2025 and asked internet providers to block the site. No Australian licence has been issued for it.
Polymarket lists Australia as close-only on both its website and its API. Existing positions can be closed but new ones cannot be opened. Its terms of use also name Australia among the territories where trading is not permitted.
Kalshi does not offer trading to Australians. Its Member Agreement lists Australia as a restricted jurisdiction where trading event contracts is prohibited. ACMA's published investigations do not name Kalshi, and Moneysmart says no prediction market operator is licensed to operate in Australia.
Not a licensed one. Moneysmart says no prediction markets are currently licensed as financial markets in Australia, and ACMA treats a prediction market offered to Australians as a wagering service that needs a state or territory licence. We will list an Australian-licensed product on this page if one launches.
Polymarket publishes its own list. It blocks sanctioned countries completely and makes more than 30 others close-only, including Australia, New Zealand, the United Kingdom, France, Germany, Italy, Singapore and four Canadian provinces. The United States is served by a separate CFTC-regulated platform, Polymarket US.
Status last checked . This page reports what regulators and the platforms publish. It is not legal or tax advice. See also: Polymarket and Kalshi in Canada, all prediction market sites and the odds converter.
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