Is Polymarket Legal in the UK? Everything You Need to Know
Polymarket has exploded in popularity over the last couple of years. During the 2024 US election cycle, the platform processed over $3.5 billion in trading volume — numbers that rival small derivatives exchanges. Naturally, UK users are asking the obvious question: is Polymarket legal in the UK? The short answer is: it’s not illegal. But the longer answer involves nuances around FCA regulation, HMRC tax treatment, and the practical risks of using an unregulated platform from Britain. Let me walk you through all of it. ...