Polymarket alternatives
Polymarket alternatives in Chile
Is Polymarket legal in Chile?
Quick answer
Polymarket is accessible from Chile with no geo-block. The Comisión para el Mercado Financiero (CMF) regulates Chilean securities and the SBIF supervises banking, but neither has issued action against offshore USDC-settled prediction markets. Chilean residents trade actively via Buda, OrionX, and CryptoMKT for USDC on-ramps.
Available alternatives in Chile
| Platform | Status | Notes |
|---|---|---|
| Manifold Play-money prediction market, no real cash, free to use globally. | Available | — |
| Limitless Newer on-chain prediction market on Base; lower fees, smaller volume. | Available | — |
| Smarkets UK-licensed betting exchange with political and event markets. | Blocked | — |
| Kalshi CFTC-regulated US exchange; USD settlement, KYC required. | Blocked | — |
| PredictIt Academic political prediction market run by Victoria University of Wellington. | Blocked | — |
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Regulatory context
The CMF is Chile's integrated financial regulator. The 2023 Fintech Law set out a registration regime for Chilean-domiciled crypto-asset service providers, but offshore platforms accessed directly by residents remain outside the perimeter.
Official source: cmfchile.clOther platforms in Chile
Common questions
01Is Polymarket legal in Chile?
Is Polymarket legal in Chile?
Polymarket is accessible from Chile with no geo-block. The Comisión para el Mercado Financiero (CMF) regulates Chilean securities and the SBIF supervises banking, but neither has issued action against offshore USDC-settled prediction markets. Chilean residents trade actively via Buda, OrionX, and CryptoMKT for USDC on-ramps.
02What's the best Polymarket alternative in Chile?
What's the best Polymarket alternative in Chile?
Manifold, Play-money prediction market, no real cash, free to use globally. It works natively from Chile and is the cleanest fallback when Polymarket isn't an option.
03How does Polymarket settle trades?
How does Polymarket settle trades?
In USDC on Polygon. Each market resolves YES or NO based on a UMA-coordinated oracle. Winning shares pay $1 USDC per share; losing shares are worthless. Withdrawals back to fiat happen via your own off-ramp.
04Does Polymarket require KYC?
Does Polymarket require KYC?
Lightweight by default, connect a wallet and start trading. Larger deposits and certain market categories trigger an in-flow KYC step. Restricted-jurisdiction residents are blocked at IP level before reaching the KYC funnel.
05Is Polymarket legal in Chile?
Is Polymarket legal in Chile?
Polymarket isn't CMF-registered, but Chilean law doesn't prohibit residents from trading on offshore platforms. The 2023 Fintech Law targets local operators.
06Tax treatment in Chile?
Tax treatment in Chile?
The SII treats crypto gains as taxable income. Convert each USDC settlement to CLP at the daily observed rate for declaration.
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Polymarket, Kalshi, Manifold, Limitless, Smarkets, Qotify's vision AI reads any orderbook image and returns implied probability, fair value, edge, and a suggested action.