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ACMA classifies Polymarket as gambling under Australian law

Regulation

ACMA concluded that Polymarket’s activities fall under Australian gambling law rather than financial-product rules, according to media reporting on the regulator’s investigation. The report says the platform cannot serve Australian customers without a gambling licence and that it received more than 1.88 million Australian visitors from November 2024 to May 2025.

The classification means Polymarket needs a gambling licence to continue serving customers in Australia.

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Regulation

US election leaves prediction market legal disputes before courts

The US mid-term election brought Democrats control of the House and Senate, while state regulators and prediction-market operators continue to dispute the legality of sports event contracts. New Jersey Attorney General Jennifer Davenport asked the Supreme Court in September to review whether federal law prevents states from regulating those contracts; a law professor quoted in the report said he expects the court to hear the challenge.

New Jersey Atty. Gen. Jennifer Davenport petitioned the Supreme Court in September to consider whether states may regulate sports offerings on prediction markets. Democrats took control of both the House and the Senate in the mid-term election.

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