Prediction Markets in Asia
The Singapore Polymarket ban, the Hong Kong regulator warning, gray-market global access, and the mainland China exclusion. Independent reviews for investors in Hong Kong, Singapore, Japan, South Korea, and across Asia.
Asian prediction markets in 2026
Asia is the most regulatorily diverse prediction market region in the world — but no jurisdiction has licensed a tradable prediction market. Hong Kong's investor-education body (IFEC, affiliated with the SFC) warned in 2026 that prediction-market trading may constitute illegal gambling and is not a regulated investment product. Singapore went further, banning Polymarket as illegal gambling under the Gambling Control Act 2022 and ISP-blocking it from January 2025. Japan's FSA classifies most prediction markets as gambling, restricting access. South Korea has progressive crypto regulation but strict gambling prohibition. Mainland China explicitly prohibits both gambling and most crypto access.
For Asian investors, this fragmentation means the right platform depends heavily on which Asian jurisdiction you call home. Hong Kong residents can reach global platforms via crypto wallet but under an explicit regulator warning; Singapore residents face an active ban. Japanese and Korean users face more restrictions. Mainland Chinese users have the most limited options, mostly via VPN access to gray-market platforms.
This guide is structured around the practical question: what can a resident of [Hong Kong / Singapore / Japan / Korea / China / Taiwan / Thailand / Vietnam] actually access in 2026, and what are the regulatory and tax implications?
Platform Comparison — Asia
Ranked by overall score for Asia investors. 7 platforms available in this region.
| Platform | Score | Regulation | Currency | Tax | Best For | Open Account |
|---|---|---|---|---|---|---|
| Polymarket | 4.1/5 | Gray Market | USDC | Self-reported | Crypto-native traders, global event markets, election probabilities | Open Account ↗ |
| Opinion Trade | 3.2/5 | Non-CFTC (Offshore) | USDC | Self-reported | DeFi-native traders, institutional liquidity providers, macro/non-sports focus | Open Account ↗ |
| Manifold Markets | 3/5 | Unregulated | play-money, USDC | Self-reported | Forecasters, students, researchers, casual users globally | Open Account ↗ |
| Hyperliquid | 3.5/5 | Non-CFTC (Offshore) | USDC | Self-reported | Non-US, DeFi-native traders who want event exposure alongside perps and spot in one self-custody account | Open Account ↗ |
| Outcome | 3.3/5 | Non-CFTC (Offshore) | USDC | Self-reported | Non-US traders who want a purpose-built prediction-market interface to Hyperliquid's HIP-4 markets rather than the raw exchange app | Open Account ↗ |
| Limitless | 3.1/5 | Non-CFTC (Offshore) | USDC | Self-reported | Non-US traders who want fast recurring price markets — hourly/daily crypto and stock-index questions — with fee-free maker orders | Open Account ↗ |
| Myriad | 3/5 | Non-CFTC (Offshore) | USD1, USDT | Self-reported | Non-US traders who want general event markets — politics, sports, crypto, culture — inside a media-distribution ecosystem, with maker orders free | Open Account ↗ |
Data updatedAugust 4, 2026 · Scoring methodology
Platform Reviews
Detailed breakdown of each platform available in this region.
Polymarket
World's largest prediction market — global coverage, low fees
Taker Fee
Variable (Θ=0.06 model): up to ~1.5¢ per $1 contract at 50¢ midpoint
Min Deposit
N/A (USDC stablecoin)
Best For
Crypto-native traders, global event markets, election probabilities
Opinion Trade
AI-oracle-settled macro markets — zero maker fees, DeFi-native (offshore, non-CFTC)
Taker Fee
Not publicly disclosed
Min Deposit
N/A (crypto on-chain)
Best For
DeFi-native traders, institutional liquidity providers, macro/non-sports focus
Manifold Markets
Free, global, play-money prediction market with strong community
Taker Fee
0% (play-money)
Min Deposit
Free
Best For
Forecasters, students, researchers, casual users globally
Hyperliquid
Largest perp DEX, now with fully collateralized outcome markets (offshore, non-CFTC)
Taker Fee
Outcome markets: currently zero (initial testing); when charged, fees apply at close/settlement only
Min Deposit
No stated minimum (USDC on-chain)
Best For
Non-US, DeFi-native traders who want event exposure alongside perps and spot in one self-custody account
Outcome
The primary consumer frontend for Hyperliquid's HIP-4 prediction markets (offshore, non-CFTC)
Taker Fee
Currently zero: Hyperliquid outcome-market protocol fees are suspended for initial testing, and Outcome's own builder-code fee is set to zero
Min Deposit
No stated minimum (USDC on-chain)
Best For
Non-US traders who want a purpose-built prediction-market interface to Hyperliquid's HIP-4 markets rather than the raw exchange app
Limitless
Fast CLOB prediction markets on Base — crypto and stock prices by the hour (offshore; CFTC DCM application pending)
Taker Fee
CLOB: price-dependent — buys 0.40–3.00% (3.00% at prices up to 50¢), sells 0.42–1.50%; AMM markets flat 0.40%
Min Deposit
No stated minimum (USDC on Base)
Best For
Non-US traders who want fast recurring price markets — hourly/daily crypto and stock-index questions — with fee-free maker orders
Myriad
Media-native prediction markets on BNB Chain (offshore, non-CFTC; US on the restricted list)
Taker Fee
CLOB: taker-only, price-dependent — peak rate at 50¢ decaying linearly to zero at the extremes (shown per trade); AMM markets 0–2% on buys per market
Min Deposit
$3
Best For
Non-US traders who want general event markets — politics, sports, crypto, culture — inside a media-distribution ecosystem, with maker orders free
How We Evaluate Platforms
Our scoring framework, weighted for this region. Full methodology disclosure.
30%
SFC / MAS Compliance
Hong Kong or Singapore financial regulator approval
20%
USD / HKD / SGD Support
Native Asian currency operation
20%
Market Breadth
Political, economic, commodity, event coverage
15%
Mobile / Desktop UX
Asian-market-specific UI considerations
15%
Tax / Withdrawal Practicality
Speed and compliance across Asian tax regimes