Fca

So, you’re looking to make some serious coin on prediction markets from the UK? You’ve come to the right place. Forget the hype, the get-rich-quick schemes, and the YouTubers. This is a no-BS guide based on my own experience, trading on platforms like Polymarket and Kalshi (though, as you’ll see, UK traders face some hurdles). I’ve been playing the prediction market game for a few years now, and I’ve learned a hell of a lot. It’s not a get-rich-quick scheme, but it is a legitimate way to generate income, and potentially a significant amount, if you’re smart about it. Let’s get down to brass tacks. ...

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. ...