Is Polymarket Legal in India? Available — Updated 2026

Quick Answer: Yes, Polymarket is available in India. Indian users can access the platform and trade on prediction markets, though they should be aware of India's crypto tax framework.

Polymarket Status in India

✅ Available — Polymarket is accessible from India with no geo-restrictions as of March 2026.

India is one of Polymarket's most active markets globally. With a large tech-savvy population and high crypto adoption rates, Indian users have shown significant interest in prediction markets, particularly for political events, cricket outcomes, and global economic trends.

Regulatory Context

India's crypto regulatory environment is complex and has several implications for Polymarket users:

• Crypto is legal — The Supreme Court of India overturned the RBI banking ban in 2020, and crypto trading is permitted
• 30% crypto tax — India imposes a flat 30% tax on profits from cryptocurrency transactions (Section 115BBH of the Income Tax Act)
• 1% TDS — A 1% tax deducted at source applies to crypto transfers above specified thresholds
• No prediction market ban — India does not have specific laws prohibiting participation in overseas prediction markets
• No geo-blocking — Polymarket does not restrict Indian IP addresses
• Domestic prediction markets exist — Platforms like Probo and MPL Opinio operate domestically, suggesting regulatory tolerance for the concept

Important Tax Implications

India's 30% flat tax on crypto gains is among the highest globally. This applies to gains from Polymarket trades because the platform uses USDC (a cryptocurrency). Additionally, losses from one crypto asset cannot be offset against gains from another. Indian users should factor this tax burden into their trading strategies.

How to Get Started from India

1. Create your account — Set up your Polymarket wallet by following our account creation guide.
2. Buy USDC — Purchase USDC through an Indian exchange like WazirX, CoinDCX, or ZebPay using INR, then transfer to your Polymarket wallet.
3. Start trading — Explore markets and place your first trades.

Funding Methods for Indian Users

• UPI — Most Indian exchanges support UPI for instant INR deposits (buy USDC, then transfer to Polymarket)
• IMPS/NEFT bank transfer — Deposit INR to WazirX, CoinDCX, or CoinSwitch
• P2P trading — Buy USDC directly from sellers using UPI, bank transfer, or PayTM on Binance P2P or WazirX P2P
• Net banking — Supported by most Indian crypto exchanges

Important Notes for Indian Users

• TDS compliance — Ensure your exchange deducts the required 1% TDS on crypto transfers
• Record keeping — Maintain detailed records of all transactions for Income Tax Return filing
• GST considerations — 18% GST may apply to exchange fees and service charges
• Use INR on-ramps — Local exchanges provide the easiest path to USDC for Indian users

Full Country Availability List

For the complete list of supported and restricted countries, visit our Polymarket Restricted Countries List.

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