Is Polymarket legal in Nigeria?
Yes. Polymarket is accessible from Nigeria. The country is not on Polymarket's blocked countries list.
Nigeria is one of the largest crypto markets in Africa, with high adoption rates among young, tech-savvy users.
How Nigerian regulations apply
The Central Bank of Nigeria (CBN) banned banks from facilitating crypto transactions in 2021, but reversed this ban in late 2023. The Securities and Exchange Commission (SEC) now regulates digital assets under a new framework that requires crypto exchanges to register.
Online betting is legal and regulated in Nigeria by the National Lottery Regulatory Commission (NLRC). Prediction markets are not specifically regulated but are generally accessible. No enforcement action has been taken against prediction market platforms.
How to get started from Nigeria
- Visit Polymarket and sign up
- Deposit via credit card or buy USDC on a Nigerian exchange like Luno or Quidax and transfer
- Start trading
Want to understand prediction markets first? Read our beginner guide.
