Polymarket is accessible in Guyana — the platform does not geoblock Guyanese IP addresses. Guyana is best known for its recent oil-driven economic boom, but it also offers a notably favorable tax position: no capital gains tax, which matters for crypto holders. Here’s what Guyanese users need to know about using Polymarket.
Current Status: Accessible
Guyana is not on Polymarket’s geoblocked countries list. The platform is accessible from Guyanese IP addresses. Users can sign up, deposit, and trade on all available markets.
The country uses the Guyanese dollar (GYD). Banking infrastructure is developing, and most users access crypto through global exchanges. A notable advantage: Guyana does not levy a capital gains tax, and it does not tax cryptocurrency gains for individuals.
The legal landscape for prediction markets sits in a grey area: crypto is not banned, but there is no specific law addressing decentralized prediction markets. There is no record of enforcement against Guyanese Polymarket users.
The Legal Landscape
Bank of Guyana
The Bank of Guyana is the central bank. It has not established a comprehensive framework for consumer cryptocurrency activity, but has shown interest in digital-payments modernization.
No Capital Gains Tax
A key feature of Guyana’s tax system is the absence of a capital gains tax — including on cryptocurrency. This makes the country relatively favorable for crypto investors, though it’s always wise to confirm current rates.
Gambling and Prediction Markets
Guyana does not have a specific legal framework that addresses online prediction markets. Prediction markets operate in an undefined gap. There is no explicit ban and no enforcement targeting users, but the activity is legally undefined.
How to Deposit from Guyana
Most Guyanese users access crypto through global exchanges.
Step 1: Buy USDC on a Global Exchange
| Exchange | GYD Support | Card Payments | P2P | Notes |
|---|---|---|---|---|
| Binance | No (card/P2P) | Yes | Yes | Global leader; card or P2P |
| Bybit | No | Yes | Yes | Card purchase supported |
| OKX | No | Yes | Yes | Low fees; card or P2P |
| KuCoin | No | Yes | Yes | Widely used globally |
Deposit Methods Explained
Cards: If you hold a Visa or Mastercard, you can often buy USDC or USDT directly on major exchanges, converting from GYD.
P2P (Peer-to-Peer) Trading: P2P trading lets you buy USDC from other users using bank transfer, useful where card routing is limited.
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
Guyana’s tax position for crypto is notably favorable.
No Capital Gains Tax
Guyana does not levy a capital gains tax and does not tax cryptocurrency gains for individuals. As a result, Polymarket profits are generally not subject to capital-gains tax locally.
What to Consider
- Guyana does levy a value-added tax (VAT) on goods/services, but personal crypto trading is not generally subject to VAT.
- Keep dated records of all deposits, trades, withdrawals, and GYD/USD conversion rates.
- If you are a tax resident elsewhere, you may have reporting obligations in that country.
Getting Started
If you’re in Guyana and want to start trading on Polymarket:
- Sign up for Polymarket — under 2 minutes, no KYC required
- Buy USDC on Binance (or another global exchange) via card or P2P
- 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