Is Polymarket legal in Mexico?
Yes. Polymarket is accessible from Mexico. The platform is not blocked, and Mexican users can create accounts, deposit funds, and trade freely.
Mexico is not on Polymarket's list of blocked countries.
How Mexican regulations apply
Mexico's FinTech Law (Ley Fintech), enacted in 2018, regulates financial technology platforms but does not specifically address prediction markets. The law primarily covers crowdfunding, electronic payments, and cryptocurrency exchanges.
Online gambling in Mexico is regulated by the Directorate of Games and Sweepstakes (SEGOB), but prediction markets are generally not classified as gambling under Mexican law. Crypto assets are recognized as "virtual assets" under the FinTech Law, and their use is legal.
How to get started from Mexico
- Go to Polymarket and create your account
- Deposit via credit card or transfer USDC from a Mexican exchange like Bitso
- Start trading on any available market
New to prediction markets? Read our complete guide first.
Tax implications for Mexican users
Crypto gains in Mexico are subject to income tax (ISR). The tax rate depends on your overall income bracket, ranging from 1.92% to 35%. You're required to report crypto income in your annual tax declaration. Consult a Mexican tax professional (contador) for specifics.
