Prediction Markets in Australia: The Licensed Polymarket & Kalshi Alternative.
Kalshi and Polymarket geo-block Australians. Bet Right doesn't. Licensed event betting on politics, entertainment and sport, in AUD, with local support.
Where Kalshi, Polymarket and Australian regulation stand.
Prediction markets are platforms where people buy and sell contracts on whether a future event will happen. The two biggest, Kalshi and Polymarket, have built large followings in the United States by offering markets on elections, economic data, sports outcomes and pop culture.
Australian access to both is restricted.
- Polymarket was added to ACMA's blacklist of blocked offshore gambling sites in August 2025, following a determination that its event contracts are gambling under Australian law rather than financial products. It does not hold an Australian wagering licence.
- Kalshi is regulated by the US Commodity Futures Trading Commission as a Designated Contract Market, but its country availability page lists Australia as a restricted jurisdiction. Kalshi does not accept Australian residents.
For Australians wanting to bet on outcomes — who'll win the next federal election, the Logies, the AFL premiership, an awards night — the practical answer is a licensed Australian wagering operator. Bet Right is one of them.
Kalshi vs Polymarket vs Bet Right.
| Feature | Kalshi | Polymarket | Bet Right |
|---|---|---|---|
| Available to Australians | No | No (ACMA blocked) | Yes |
| Australian-licensed | No | No | Yes (NT licensed) |
| AUD deposits | No (USD only) | No (crypto) | Yes |
| Local customer support | No | No | Yes |
| Politics markets | Yes | Yes | Yes |
| Entertainment & novelty | Limited | Yes | Yes |
| Sport markets | Limited | Limited | Full coverage |
| Same Game Multi | No | No | Yes |
| Apple Pay & Google Pay | No | No | Yes |
| Fast Withdrawals | No | No | Yes |
Outcome markets across politics, entertainment and sport.
Cryptocurrency
If you want to bet on Bitcoin, the safe, legal way is via Bet Right's Bitcoin betting markets which let you back BTC to rise or fall (over or under a certain mark) without ever owning a coin. You'll find Bitcoin price betting odds - all priced, placed and paid out in Australian dollars.
Politics & elections
Bet on the outcome of Australian federal and state elections, plus major international votes including the US Presidential race and UK General Elections.
Example markets: Next Federal Election winner · Next NSW Premier · Next US President
Entertainment & novelty
From reality TV finales to awards nights, our entertainment markets cover the moments Australians actually watch.
Example markets: MasterChef Australia winner · Logies Gold Logie · Triple J Hottest 100 number 1
View entertainment markets
Sport futures & specials
Season-long outcomes across every major code. Back the premiership winner, the Brownlow, the Norm Smith, the Dally M, or build a position on a player award.
Example markets: AFL Premiership · NRL Premiership · Brownlow Medal winner
Same Game Multi & Same Race Multi
The closest structural parallel to bundling positions on a prediction market. Combine multiple legs from the one game or race into a single bet at boosted odds.
Example markets: Same Game Multi (SGM) · Same Race Multi (SRM)
If you've used Kalshi or Polymarket, here's the translation.
Outcome betting at a licensed Australian wagering operator looks different on the surface to a US prediction market, but the core mechanic is the same: you're taking a position on whether something will happen. Here's how the language maps across.
| Prediction market | Bet Right equivalent |
|---|---|
| YES / NO contract | Head-to-head market |
| Share price (e.g. 0.62) | Decimal odds (e.g. $1.61) |
| Order book | Fixed price set by the market |
| Resolution | Settlement |
| Cash out a position | Cash Out (where available) |
Three steps to place a bet:
- Pick a market. Browse politics, entertainment or sport futures.
- Choose your outcome. Select the option you think will win.
- Place your bet. Confirm your stake. We'll settle automatically when the result is official.
Common questions.
Is Kalshi available in Australia?
No. Kalshi's country availability page lists Australia as a restricted jurisdiction. Australian residents cannot create or fund a Kalshi account.
Can Australians use Polymarket?
No. Polymarket geo-blocks Australian users, and in August 2025 was added to ACMA's blacklist of blocked offshore gambling sites. Accessing it from Australia is not legitimate.
Are prediction markets legal in Australia?
The category itself is not banned, but offshore prediction market platforms have been classified by ACMA as unlicensed gambling. The legitimate way to bet on outcomes from Australia is through a wagering operator licensed under Australian law, like Bet Right.
What's the Australian alternative to Polymarket and Kalshi?
Licensed Australian wagering operators offer markets on the same kinds of events: politics, entertainment, awards, sport futures. Bet Right covers all of these in AUD with local customer support.
Can I bet on the next federal election at Bet Right?
Yes. Australian federal and state election markets are available when called. Major international elections, including the US Presidential race, are also covered.
Can I bet on US elections from Australia?
Yes, at Bet Right. US Presidential and major US political markets are offered through Bet Right's politics section in AUD.
What sports markets are like prediction markets?
Sport futures, premiership outrights, season awards (Brownlow, Dally M, Norm Smith) and Same Game Multi all let you take positions on outcomes well in advance, similar to prediction market contracts.
Why was Polymarket blacklisted in Australia?
ACMA determined Polymarket was offering gambling services to Australians without an Australian wagering licence, including in-play betting on sport, which is restricted under Australian law even for licensed operators.