Please read these Terms & Conditions carefully before using Polymarket. By registering, you declare that you expressly and fully accept them and that you comply with all applicable Indian laws.
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These Terms & Conditions govern the use of all services on polymarket-in.in, including the Polymarket prediction market platform, all wallet and payment functions and customer support available to users in India.
By creating a user account, making a deposit or placing a trade, you fully accept these Terms and confirm that your use of Polymarket complies with all applicable Indian laws, including the Information Technology Act 2000, the Foreign Exchange Management Act 1999 (FEMA), the Prevention of Money Laundering Act 2002 (PMLA) and the Digital Personal Data Protection Act 2023 (DPDPA). The minimum age for using Polymarket in India is 18 years.
Opening a Polymarket account requires satisfying the following conditions:
Minimum age 18 years
As required under the Indian Contract Act 1872 & PMLA 2002
Compliance with Indian law
Users must ensure full compliance with FEMA, PMLA, IT Act & state laws
One account per person
Exactly one account per person, household and device
Complete & accurate details
False information results in immediate account closure
⚠️ KYC Obligation: Polymarket may require identity verification in accordance with PMLA 2002, FEMA 1999 and RBI KYC Master Directions. The following may be requested: Aadhaar Card / PAN Card / Passport / Voter ID; proof of address (utility bill, bank statement); UPI / bank account verification; and source of funds documentation. Refusal results in account suspension and freezing of funds.
All financial transactions on polymarket-in.in are processed via licensed payment service providers. Transactions may be denominated in Indian Rupees (INR ₹) or USDC (USD Coin), subject to applicable FEMA and RBI regulations.
💳 Accepted Payment Methods for Polymarket India
Only payment methods registered in your name may be used
Overseas remittances are subject to FEMA 1999 and the RBI Liberalised Remittance Scheme (LRS) — maximum USD 250,000 per financial year
Suspicious transactions may be reported to FIU-IND under PMLA 2002. TDS/TCS obligations under the Income Tax Act 1961 may apply
All prediction markets on Polymarket are subject to specific rules visible on the platform. Market outcomes are determined by verified, publicly available information sources. Polymarket uses smart contracts on the Polygon blockchain for transparent and tamper-proof settlement.
Political Markets
Elections, policy decisions & geopolitical events
Financial Markets
Crypto, stocks, macroeconomic indicators
World Events
Sports, science, technology & current affairs
❌ Prohibited Actions
✅ Market Resolution
All markets resolve based on objective, verifiable sources. In the event of a disputed resolution, the Polymarket UMA oracle protocol governs the final outcome. Smart contract settlement ensures transparent payouts in USDC.
Polymarket offers responsible trading tools including spending limits, loss alerts, session controls and account suspension. Users in India are encouraged to use these tools to maintain healthy trading habits.
If you suspect a problem with compulsive trading, contact our support or iCall (TISS): 9152987821 or the Vandrevala Foundation: 1860-2662-345 – free, confidential, across India.
Users in India are solely responsible for ensuring their use of Polymarket complies with all applicable central and state laws. Key regulatory considerations include: FEMA 1999 and RBI LRS limits for overseas transactions; PMLA 2002 AML obligations; GST Act 2017; and Income Tax Act 1961 requirements for declaring and paying taxes on trading profits.
💰 Tax Notice: Profits from prediction market trading on Polymarket may be subject to Income Tax in India. Income from virtual digital assets (VDAs) including USDC is taxable at 30% flat rate plus applicable surcharge and cess under Section 115BBH of the Income Tax Act 1961 (as amended by Finance Act 2022). TDS at 1% may apply under Section 194S. Consult a qualified Chartered Accountant (CA) for your specific tax obligations.
To the extent permitted by Indian law, the operator of polymarket-in.in is not liable for interruptions, smart contract exploits caused by third parties, blockchain network congestion or events outside our reasonable control including RBI or government-imposed restrictions on digital assets.
Polymarket accounts may be suspended for violation of these Terms, fraud suspicion or regulatory compliance. Funds may be frozen pending investigation pursuant to PMLA 2002 or orders from competent Indian authorities including ED, RBI or SEBI.
These Terms are governed by the laws of India, including the Information Technology Act 2000, DPDPA 2023, FEMA 1999, PMLA 2002, the Indian Contract Act 1872, the Consumer Protection Act 2019, the Consumer Protection (E-Commerce) Rules 2020, and the Arbitration and Conciliation Act 1996. Changes will be communicated at least 14 days before taking effect on polymarket-in.in.
Indian courts have jurisdiction for disputes. Users may also approach the Consumer Disputes Redressal Commission (CDRC) under the Consumer Protection Act 2019, SEBI's SCORES platform at scores.sebi.gov.in, or the RBI Ombudsman at rbi.org.in for financial grievances.
By continuing to use polymarket-in.in, you confirm that you have read, understood and fully accepted these Terms & Conditions and that your use of Polymarket complies with all applicable Indian laws.
🔮 Polymarket – For persons aged 18 and over only | 🇮🇳 For users in India | Comply with FEMA, PMLA & IT Act