Polymarket is accessible in Georgia — the platform does not geoblock Georgian IP addresses. Georgia has built a reputation as one of the most crypto-friendly jurisdictions in the world, combining genuine digital-asset adoption with a tax regime that exempts individual crypto gains from income tax. Here’s what Georgian users need to know about using Polymarket.
Current Status: Accessible
Georgia is not on Polymarket’s geoblocked countries list. The platform is fully accessible from Georgian IP addresses. Georgian users can sign up, deposit, and trade on all available markets.
Georgia is widely known as a regional fintech and crypto hub. The National Bank of Georgia actively supports fintech growth through its Regulatory Laboratory sandbox and is exploring a digital lari (CBDC), while the country’s tax rules make it a frequent entry on lists of the world’s most crypto-friendly tax jurisdictions.
The legal landscape for prediction markets in Georgia sits in a grey area. Georgia’s Gambling Law permits only defined gaming categories — casinos, slot salons, sportsbooks and lotteries — and does not mention crypto-based prediction markets at all. There is no record of enforcement against Georgian Polymarket users.
The Legal Landscape
The National Bank of Georgia (NBG)
The National Bank of Georgia is Georgia’s central bank and the primary financial regulator. Notably, it has banned financial institutions in Georgia from providing crypto services — banks and regulated financial entities cannot directly offer crypto custody, exchange or transmission to clients. This forces most crypto activity through unregulated or foreign-registered exchange platforms rather than through the traditional banking system.
At the same time, the NBG has positioned itself as a pro-innovation regulator:
- It operates a Regulatory Laboratory (fintech sandbox) that lets startups test new products
- It has been exploring a digital lari (CBDC) initiative
- It treats crypto regulation primarily as a matter of financial-institution conduct rather than outright prohibition of individual crypto ownership or trading
The Gambling Law
Georgia’s gaming framework is set out in the Law of Georgia on Organizing Lotteries, Games of Chance, and Other Prize Games (the Gambling Law). It permits a defined set of regulated activities:
- Casinos, slot salons, sportsbooks and lotteries — the only permitted gaming categories
- Online gambling — brought under a comprehensive licensing and tax regime in reforms effective from December 2024
- Regulated by the Revenue Service of Georgia (permits and supervision), with technical certification overseen by Random Systems Georgia LLC (RSI) and policy set by the Ministry of Finance
- Gambling advertising is strictly restricted — generally prohibited except on licensed websites, sports sponsorships, on-premises signage and international transit points
Prediction markets are not addressed in the Gambling Law. The permitted categories are fixed, and decentralised, crypto-based platforms like Polymarket fall into an unregulated gap between the gambling framework and Georgia’s permissive crypto stance.
AML Requirements
Gambling operators and financial institutions must comply with Georgia’s AML framework under the Law on Facilitating the Prevention of Money Laundering and Terrorism Financing, including customer due diligence and reporting of suspicious transactions. Individual users of overseas, non-custodial platforms are generally not directly subject to these obligations, but exchanges that service Georgian users maintain their own KYC/AML compliance.
How to Deposit from Georgia
Georgia has a strong crypto on-ramp ecosystem built around global exchanges and Bank of Georgia’s banking infrastructure.
Step 1: Buy USDC on a Local Exchange
| Exchange | GEL / Card Support | Bank Transfer | P2P | Notes |
|---|---|---|---|---|
| Binance | Yes (card) | Yes (Bank of Georgia) | Yes | Global leader; P2P GEL trading against Bank of Georgia |
| Bybit | Yes (card) | Yes | Yes | Low fees; popular with Georgian traders |
| OKX | Yes (card) | Yes | Yes | Wide crypto selection |
| Kraken | Yes (card) | Yes | No | Established global exchange |
Deposit Methods Explained
Bank Card (Visa / Mastercard): The simplest way to fund your exchange account is with a debit or credit card. Most global exchanges accept card payments from Georgian-issued cards; this is fast but may carry a card processing fee.
Bank Transfer (Bank of Georgia, BOG): You can transfer GEL or foreign currency from a Georgian bank — most commonly Bank of Georgia — to your exchange account. Bank of Georgia is one of the country’s largest banks and a common on-ramp for crypto purchases.
P2P Trading: On Binance, you can buy crypto directly from Georgian sellers using the peer-to-peer market, settling in GEL via Bank of Georgia or other local payment methods. This can offer competitive rates and avoids card fees.
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
Georgia is widely considered one of the most crypto-friendly tax regimes in the world, particularly for individual investors.
0% Tax on Individual Crypto Gains
The Georgian Ministry of Finance has stated that individuals in Georgia are exempt from income tax on profits from selling cryptocurrency. Because Georgia does not consider crypto to be “Georgian sourced” — that is, an asset tied to a specific geographic location — crypto gains are also not subject to capital gains tax.
In practice, this means:
- Individual crypto profits are effectively taxed at 0%
- Selling, swapping and trading crypto as an individual generally incurs no income or capital gains tax
- This applies to Polymarket profits from a Georgian personal capacity
Business Taxation
The picture differs for legal entities:
- Crypto held within an LLC or other legal entity is subject to Georgia’s corporate income tax (CIT) — generally 15%, under the “Estonian model” where profits are taxed on distribution rather than as earned
- Small businesses — individual entrepreneurs with annual turnover under GEL 500,000 — may register under the small business regime and pay a 1% tax on turnover
Reporting and What You Don’t Pay
- No income tax on individual crypto profits
- No capital gains tax on crypto
- General Georgian rates you may encounter elsewhere: 20% personal income tax (PIT) on ordinary income, 18% VAT on goods and services
- As with any tax regime, if your crypto activity is frequent and conducted as a business rather than personal investment, you should consult a Georgian tax adviser about how it is classified
Getting Started
If you’re in Georgia and want to start trading on Polymarket:
- Sign up for Polymarket — under 2 minutes, no KYC required
- Buy USDC on Binance via bank card or Bank of Georgia 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