Polymarket is accessible in Armenia — the platform does not geoblock Armenian IP addresses. Armenia has become one of the region’s more crypto-forward jurisdictions, enacting a comprehensive Law on Crypto-Assets in 2025 that brings crypto exchanges under Central Bank of Armenia (CBA) supervision, and it offers a notably favorable 0% individual tax rate on crypto trading gains. Here’s what Armenian users need to know about using Polymarket.
Current Status: Accessible
Armenia is not on Polymarket’s geoblocked countries list. The platform is fully accessible from Armenian IP addresses. Armenian users can sign up, deposit, and trade on all available markets.
Armenia’s crypto ecosystem is expanding alongside its fintech push. In 2025 the country adopted a MiCA-style Law on Crypto-Assets (HO-159-N), effective July 2025, with the CBA’s implementing regulations coming into force on 31 January 2026. Exchanges such as Bitcoin.am and other transitional operators are moving toward full CBA licensing, while major international platforms like Binance and Bybit remain widely used by Armenian retail traders.
The legal landscape for prediction markets in Armenia sits in a grey area. Armenia’s gambling law regulates licensed betting operators, and the crypto law regulates licensed crypto service providers, but neither specifically addresses prediction markets. There’s no record of enforcement against Armenian Polymarket users.
The Legal Landscape
The Law on Crypto-Assets (HO-159-N)
Armenia adopted a comprehensive crypto framework on 29 May 2025 — the Law on Crypto-Assets (HO-159-N) — which took effect on 4 July 2025. Modeled on the EU’s MiCA regulation, it establishes licensing requirements for crypto-asset service providers (CASPs) and integrates crypto activity into Armenia’s AML/CFT regime.
- Central Bank of Armenia (CBA) is the sole supervisory authority for crypto-asset service providers
- Regulated services include operating a trading platform, custody, own-account dealing, order reception and transmission, placement, portfolio management, and transfer
- Commercial banks cannot offer crypto services directly — they must establish a separately licensed entity
- Legacy operators had a grandfathering period but must achieve full CBA licensing by 31 January 2027
This law regulates licensed entities (exchanges, custodians, brokers), not individual users of overseas, decentralized platforms like Polymarket.
The Gambling Law
Armenia regulates gambling through the Law on Games of Chance, Internet Games of Chance and Casino and the Law on Lottery. Licensed online betting and casino operations require a license, and the State Revenue Committee (SRC) oversees the sector.
Prediction markets specifically are not addressed in either the gambling law or the crypto-assets law. Decentralized, crypto-based platforms like Polymarket fall into an unregulated gap between these frameworks. There is no evidence of action against individual Armenian users of overseas prediction platforms.
AML and Reporting
CASPs in Armenia are classified as reporting entities under the AML/CFT law. They must implement KYC, transaction monitoring, and suspicious activity reporting, and they are subject to a Travel Rule equivalent requiring transfer information for crypto-asset transfers.
Armenia has committed to the OECD’s Crypto-Asset Reporting Framework (CARF); from 2027, licensed CASPs will be required to report client holdings to the State Revenue Committee for international automatic exchange. Individual users of unlicensed overseas platforms have no reporting obligation through these channels, but the CBA’s guidance flags decentralized wallets and platforms as elevated-risk factors for licensed providers.
How to Deposit from Armenia
Armenia has several routes into crypto, though local on-ramps are more limited than in larger markets. Bitcoin.am is a local Armenian exchange, while international platforms like Binance and Bybit are widely used.
Step 1: Buy USDC on a Local Exchange
| Exchange | AMD Support | Card | Bank Transfer | Notes |
|---|---|---|---|---|
| Bitcoin.am | Yes | Yes | Yes | Local Armenian exchange; direct AMD on-ramp |
| Binance | Partial | Yes | Yes | Global leader; widely used by Armenian retail traders |
| Bybit | Partial | Yes | Yes | Global platform with USDC/AMD conversion |
| OKX | Partial | Yes | Yes | Low fees; popular stablecoin pairings |
Deposit Methods Explained
Bank transfer / card deposit: Armenian users can typically fund an exchange account with a bank card or bank transfer in AMD, then buy USDC. Note that Armenia’s crypto law requires crypto-acquisition payments to be conducted non-cash, which card and bank deposits satisfy. (A temporary exception allows cash purchases of AMD 300,000 or less through a licensed CASP until 1 January 2028.)
P2P / third-party rails: Some international exchanges offer P2P marketplaces where Armenian users can buy USDC directly from other users, often the most accessible route for small amounts.
Step 2: Transfer USDC to Polymarket
- Go to Deposit on Polymarket
- Select Use Crypto and copy your deposit address
- Send USDC from your exchange to the Polymarket address
- Choose Polygon for the lowest fees ($3 minimum, arrives in seconds)
For the full walkthrough, see our How to Deposit on Polymarket guide.
Tax Implications
Armenia’s Tax Code was amended in May 2025 (HO-175-N) to create a clear, tiered tax regime for crypto-assets. The rates depend on who is trading and what type of asset is involved.
Individual Retail Trading — 0%
Non-entrepreneurial individuals pay no tax on gains from standard crypto-asset trading, including stablecoins like USDC. Armenia’s territorial tax system treats most foreign-exchange activity as non-Armenian-source income for expats, making it one of the most favorable jurisdictions in the region for individual crypto investors. Most retail Polymarket profits fall under this 0% individual rate.
Mining, Staking, and NFTs — 1%
A reduced 1% income tax applies on alienation of crypto-assets created as rewards for mining or staking, and on NFTs (Tax Code Art. 150(9.1)).
Business-Level Trading — 18%
Legal entities and individuals whose trading crosses business-activity thresholds pay the standard 18% profit tax on crypto-derived profits. Crypto losses cannot be deducted against other business income.
VAT and Reporting
- The alienation of a crypto-asset itself is VAT-exempt (Art. 64)
- Exchange, custody, and brokerage service fees are standard taxable services subject to Armenia’s 20% VAT
- Individual retail traders filing under the 0% rate generally do not need to file a return for crypto gains, but should keep transaction records in case activity is reclassified as business trading
Getting Started
If you’re in Armenia and want to start trading on Polymarket:
- Sign up for Polymarket — under 2 minutes, no KYC required
- Buy USDC on Bitcoin.am or Binance via card or bank transfer
- Deposit on Polymarket — transfer USDC via Polygon
- Place your first trade — start with a small amount
- Use limit orders to avoid taker fees — only taker orders pay fees on Polymarket
Related Guides
- How to Sign Up for Polymarket — Create your account
- How to Deposit on Polymarket — Full deposit guide
- How to Trade on Polymarket — Market orders, limit orders, and tips
- Polymarket Fees Explained — Fee breakdown by category