Polymarket is accessible in Comoros — the platform does not geoblock Comorian IP addresses. Cryptocurrency is legal in this Indian Ocean island nation but essentially unregulated, with no dedicated crypto law. Here’s what Comorian users need to know about using Polymarket.
Current Status: Accessible
Comoros is not on Polymarket’s geoblocked countries list. The platform is fully accessible from Comorian IP addresses. Comorian users can sign up, deposit, and trade on all available markets.
Crypto adoption in Comoros is low. The local market is small, banking penetration is limited, and the on-ramp infrastructure is thin. The most practical route is peer-to-peer trading funded through mobile money — platforms like MVola and Holo Money are the most widely used digital payment methods, giving locals a way to convert Comorian franc (KMF) into crypto via P2P sellers.
The legal landscape for prediction markets in Comoros sits in a defined grey area: cryptocurrency itself is not prohibited, but there is no regulation of crypto platforms or prediction markets. There is no record of enforcement against Comorian Polymarket users.
The Legal Landscape
Banque Centrale des Comores (BCC)
Comoros’ central bank is the Banque Centrale des Comores (BCC), which oversees monetary policy, the banking system, and payment systems. As of 2026, BCC has not issued formal guidance specifically regulating cryptocurrency, and Comoros has no dedicated cryptocurrency law.
This means most crypto activity — including use of overseas exchanges — falls outside the scope of explicit financial regulation. Individuals using decentralized platforms like Polymarket are not directly subject to central bank rules, although BCC monitors the broader financial system and mobile money services.
A Note on Fake ‘Regulators’
Comoros has drawn attention because third parties market gambling and fintech licences issued in the name of the country’s autonomous island of Anjouan. The Banque Centrale des Comores has repeatedly warned that it does not regulate these operators, and that many of the licences sold online are not backed by the central bank. For users, this is worth knowing about: no association with Comoros should be mistaken for an approval of any crypto or gambling platform.
Gambling and Prediction Markets
Comoros does not have a comprehensive legal framework that specifically addresses online prediction markets. Prediction markets like Polymarket operate in an unregulated gap between general financial supervision and gambling law. There is no explicit ban and no specific enforcement action against users, but the activity is legally undefined.
Mobile Money and AML
Mobile money in Comoros is regulated by the central bank (rules governing mobile money services date to 2017), and the sector is subject to anti-money laundering (AML) obligations. Because crypto is not formally regulated, exchanges operating overseas and handling Comorian users are not subject to local VASP licensing requirements. Users should still be aware that financial activity may be subject to AML scrutiny through the banking and mobile-money system.
How to Deposit from Comoros
The Comorian franc (KMF) is not widely accepted for direct card or bank deposits on major global exchanges, and international card access is limited. The most reliable route is peer-to-peer (P2P) trading funded with mobile money.
Step 1: Buy USDC on a Local or Global Exchange
| Exchange | KMF Support | Card Payments | P2P | Notes |
|---|---|---|---|---|
| Binance | No (via P2P) | Limited | Yes | Global leader; practical on-ramp via mobile-money P2P |
| Bybit | No | Limited | Yes | Global exchange; buy USDC via P2P |
| OKX | No | Limited | Yes | Low fees; P2P available |
| KuCoin | No | Limited | Yes | Widely used globally; P2P available |
Deposit Methods Explained
P2P (Peer-to-Peer) Trading: Because KMF is not directly supported on most exchanges, the recommended route is P2P trading on Binance or another exchange. You buy USDC directly from sellers, paying in Comorian franc via mobile money (such as MVola or Holo Money) or a local bank transfer. This avoids the need for an international card.
Mobile Money: Comoros has a growing mobile money ecosystem, including MVola (operated by Axian, active since 2019) and Holo Money (operated by the Development Bank of the Comoros, BDC), plus Huri Money and MobiCash. These services let you hold and transfer funds from your phone, which can be used to fund a P2P crypto purchase.
International Cards: If you have a Visa or Mastercard, you may be able to buy USDC or USDT directly on major exchanges. Card purchases can carry higher fees and are often declined for KMF-based cards or low-limit accounts.
Transfer from another exchange: If you already hold crypto on another platform, you can simply send USDC to your destination exchange before moving it on to Polymarket.
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
Comoros does not have a dedicated cryptocurrency tax code. Instead, crypto gains fall under the general personal income tax framework.
Personal Income Tax (PIT)
Comorian tax residents are taxed on their income under a progressive personal income tax (PIT) that runs from 0% to 30%:
| Taxable Income (KMF) | PIT Rate |
|---|---|
| Up to 150,000 | 0% |
| 150,001 - 500,000 | 5% |
| 500,001 - 1,000,000 | 10% |
| Higher brackets | Progressive up to 30% |
- Rates are progressive across a schedule of brackets, with a top rate of 30%.
- There is no dedicated crypto rate — profits would be treated under the general income framework.
- Because crypto is not explicitly addressed in Comorian tax law, the treatment of crypto gains can be uncertain; consider consulting a tax professional for your situation.
Reporting Requirements
- As a tax resident, you are responsible for declaring your income on your annual tax declaration.
- Keep detailed records of all deposits, trades, withdrawals, and KMF-to-USD conversion rates.
- There is no withholding of tax on foreign platform trades, so self-reporting is your responsibility.
What You Don’t Pay
- No dedicated crypto surcharge — standard income tax rates apply.
- Comoros has no separate capital gains tax code for crypto; it falls under general income rules, where it exists.
Getting Started
If you’re in Comoros and want to start trading on Polymarket:
- Sign up for Polymarket — under 2 minutes, no KYC required
- Buy USDC on Binance via P2P, paying in Comorian franc (KMF) with mobile money (MVola or Holo Money)
- 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