Another country, blocked Polymarkets

[Orpichukwu]

Most of these countries banning Polymarket are only doing so because Polymarket has taken most of the gamblers from their country away and they don't get any cut out of that volume. Most gamblers switched to polymarket because there are no bookmarker margins (vigs) baked into them which means they can be more profitable long term. If Polymarket or Kalshi gets registered in such countries and pay taxes or remit back to the government of these countries, I'm sure they'll remove any restrictions placed on them
 

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

[passwordnow]

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

IMHO, that's the whole point. Say that they're registered, they won't be getting that treatment. But I have to review from these recent countries that have banned them if they're licensed there or not. If not, then that can be said that they're after the taxes and registration for them. After that, we might see a different tone from these countries and they'll start to ease and allow them from doing operations with their users in those countries.

[Wakate]

Most of these countries banning Polymarket are only doing so because Polymarket has taken most of the gamblers from their country away and they don't get any cut out of that volume. Most gamblers switched to polymarket because there are no bookmarker margins (vigs) baked into them which means they can be more profitable long term. If Polymarket or Kalshi gets registered in such countries and pay taxes or remit back to the government of these countries, I'm sure they'll remove any restrictions placed on them
 

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

This is not the real reason why countries are banning the polymarket. The polymarket has been known to be very manipulative in their doings which is fraudulent but many people using the platform are not aware about all these endeavors the government is ensuring to ban them so that many users do not become a victim if their manipulative political bets.

[Orpichukwu]

But this can't only be it; Polymarket is a licensed company. If they are registered in the countries which are making a move to ban them, they will also be taxed, and those placing bets and winning from the market are also subjected to tax since crypto is what's used in placing bets; it all falls under the capital gains tax law depending on the country.

This is not the real reason why countries are banning the polymarket. The polymarket has been known to be very manipulative in their doings which is fraudulent but many people using the platform are not aware about all these endeavors the government is ensuring to ban them so that many users do not become a victim if their manipulative political bets.

What are the manipulative things which they are doing that we don't know about? I really want to know what I know they have been majorly accused of: allowing some events that have to do with human life to be bet on, which is not proper, and some inside information concerning high-level international secrets being exploited by bettors who have their hands on it. Aside from this, I don't know which way they use to manipulate the market.

[taufik123]

What are the manipulative things which they are doing that we don't know about? I really want to know what I know they have been majorly accused of: allowing some events that have to do with human life to be bet on, which is not proper, and some inside information concerning high-level international secrets being exploited by bettors who have their hands on it. Aside from this, I don't know which way they use to manipulate the market.

There are many ways used by Polymarket to manipulate the market such as using the Wash trading method where transactions are made between their own accounts or
insiders to create fake volumes which many people then bet to trap the people who log in.
Using Oracle Attacks Manipulation Methods, Spoofing, Sentimental Engineering which deliberately increases the probability of betting so that it is quoted by the big media and
will become Public Opinion and thus Polymarket is indirectly promoted.

[Wakate]

What are the manipulative things which they are doing that we don't know about? I really want to know what I know they have been majorly accused of: allowing some events that have to do with human life to be bet on, which is not proper, and some inside information concerning high-level international secrets being exploited by bettors who have their hands on it. Aside from this, I don't know which way they use to manipulate the market.

I can see that you don't really understand my own perspective but the government will continue to ban polymarket since they are hardly to defined. You will need to tell me how many people you have seen that have been profitable from betting on polymarket.
The predictions may look like gambling but it's not because most of the predilections are mostly political ones that can be influenced by

[Davidvictorson]

India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next
https://www.coindesk.com/markets/2026/05/22/india-cracks-down-on-prediction-markets-polymarket-goes-dark-kalshi-could-be-next
The Ministry of Electronics and Information Technology has reportedly already issued a blocking order for Polymarket and is preparing a similar order for U.S.-regulated rival Kalshi. Indian authorities classify prediction markets as prohibited online money gaming.

Almost all countries are seeing prediction markets as gambling sites. In the United States, many states have sused few prediction markets like Kalshi which we know about.

How will they be able to convince these nations that they are not a gambling platform. In my estimation, they operate on almost the same principles. This is will be a challenging one. I think that the government of these nations are interested in protecting the people who may want to use this platforms. There could also be the financial regulations concerns from the governments globally as well.

[xenomorfo]

Look, regarding Polimarket, I don't think they did any harm, at the beginning it was a nice system
then afterwards I'm sure politicians and others infiltrated, betting on the start of the war or kidnapping of presidents knowing everything
understand that this is not good, it's a scam

What you regard as politicians hijacking the system with their inside information is what's regarded as inside trading. Those who have access to secret information, not just politicians, but the officers who are involved, can take the same step, which is against what betting is for you don't need to have more information more than others, rigging in most event that's been bet on in poly market is on the high side.

At the beginning it was a nice system but they quickly found a way to ruin it and make it what it is today, a rigged gaming table.
Like playing Poker with a person who marked the cards, it doesn't seem like much fun to me.
I have never used it and i don't think i will ever use it.

[xenomorfo]

Well I don?t think we need to stay away from it but whatever does not benefit the government that much becomes a threat or whatever that is going to expose what they will do or about I do is bad but in reality it?s not a bad thing to me especially. Even on the Wall Street the insider information is what is used to make billions daily and thats what is happening in polymarket or any of this market that allows betting on this event. Well I?m quiet sure polymarket is the future because if they finally sing up as gambling platform they can operate but with higher limitations.

Governments, and this is demonstrated by the fact that bitcoin and this forum were born, think only of themselves and the lobbyists who finance them.
The state currently doesn't care about its citizens, and makes differences. It doesn't tax the rich but truncheons the poor. So everything the government says i do the opposite because i don't trust it.

[Peanutswar]

Even in my country, there is a filtering happening at the ISP level, and most of them have banned related to exchange, and crypto casino that does not have a license to operate here in the Philippines, so one of these is the Polymarket, well if you are quite bored with the normal betting of sports and e-sports betting and wanted to seek for more fun Polymarket will be your new entertainment but apparently im not into that state yet so I will stick with the normal gambling games for a while.

[DrBeer]

India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next
https://www.coindesk.com/markets/2026/05/22/india-cracks-down-on-prediction-markets-polymarket-goes-dark-kalshi-could-be-next
The Ministry of Electronics and Information Technology has reportedly already issued a blocking order for Polymarket and is preparing a similar order for U.S.-regulated rival Kalshi. Indian authorities classify prediction markets as prohibited online money gaming.

Almost all countries are seeing prediction markets as gambling sites. In the United States, many states have sused few prediction markets like Kalshi which we know about.

That's to be expected. In essence, the event betting market is identical to sports betting on the outcome of a game, only it's slightly different "sports" and "teams".
And the most important thing is the money. Where the result of the bet, or you could say the game, is financial gain. That is, there are no special differences from sports betting, except for the peculiarities of the market itself and the objects of betting. I assume that other countries will follow the path of tightening the rules in relation to such sites.

By the way, a question - to what extent do you think such sites can be used for money laundering or other illegal activities, such as the use of insider information?
 

[disbil]

Last week my country Indonesia have blocked and banned Polymarket after placing bet our president out few months later or not, its really sensitive way in my country right now and the government regulation too difficult get freedom exactly bet speculation for the future of President. I don't know how easily our government working blocked and banned Polymarket just few hours after releasing bet for the future of President but for scamming site too difficult block, I don't have ideas our government will unblock Polymarket website after that issues but we can open or access by using VPN or change DNS address.

So what the next country will block Polymarket however interested place speculation at Polymarket exactly about political issues how happening in my country Indonesia last week ago.

[coin-investor]

Almost all countries are seeing prediction markets as gambling sites. In the United States, many states have sused few prediction markets like Kalshi which we know about.

It's a snowball effect: a well-documented fact is that every country needs to decide whether gambling is legal, and they need to ban it if gambling is illegal in their country, or they need a license to operate there.
They have a good run, but that run should be stopped because of the resemblance to gambling that is very evident, but since they already built a community of bettors, they can still exist and be part of the gambling, which they rightly belong.