Polymarket is accessible in Morocco — the platform does not geoblock Moroccan IP addresses. Morocco is one of the fastest-growing crypto markets in the region: blockchain analytics firm Chainalysis ranked it among the top 20 countries globally for crypto adoption and flagged it as having the strongest adoption growth on the African side of the MENA bloc in 2023. Here’s what Moroccan users need to know about using Polymarket.
Current Status: Accessible
Morocco is not on Polymarket’s geoblocked countries list. The platform is fully accessible from Moroccan IP addresses, and Moroccan users can sign up, deposit, and trade on all available markets.
Crypto usage in Morocco has been growing despite a 2017 official ban. That ban was never applied to individuals using overseas platforms, and the country’s regulators have spent years building toward a proper framework — publishing a draft crypto law in late 2025. Prediction markets like Polymarket sit in an unregulated grey area under Moroccan law, and there is no record of enforcement against Moroccan users.
The Legal Landscape
The 2017 Crypto Ban
In November 2017, the Ministry of Economy and Finance and Bank Al-Maghrib (Morocco’s central bank) issued a joint statement warning that virtual currencies were an unregulated activity and effectively banning their use. The ban came shortly after the regulator’s 2017 circular on the subject.
In practice, the ban has not been enforced against individuals, and crypto activity in Morocco has continued to grow throughout. The authorities have framed it as a risk warning rather than a tool for prosecuting private users.
Bill 42.25 — Moving Toward Regulation (2025)
The most important recent development is the publication of Bill 42.25 by the Moroccan Ministry of Economy and Finance in November 2025, a proposed framework that would regulate cryptocurrencies and virtual asset service providers (VASPs):
- The AMMC (Moroccan Capital Markets Authority) would license and oversee VASPs, and regulate the issuance, listing, and trading of digital tokens
- Bank Al-Maghrib would regulate issuers of asset-backed tokens (such as local stablecoins)
- Licensing is a work in progress — the timeline for the law taking effect is still unclear as of 2026
Importantly, Bill 42.25 does not address prediction markets specifically. The framework targets exchanges, brokers, and asset managers — not event-betting platforms like Polymarket.
The Digital Dirham (CBDC)
Bank Al-Maghrib has been researching a central bank digital currency — the digital dirham — since at least 2019. In July 2025, BAM governor Abdellatif Jouahri said the central bank was exploring using a CBDC for peer-to-peer and cross-border payments. The digital dirham is a separate project from privately issued cryptocurrencies and does not change the legal status of Polymarket.
AML Position
Morocco has strengthened its anti-money-laundering framework in line with FATF standards, and the draft crypto law (Bill 42.25) requires licensed VASPs to deploy AML/CFT controls, including keeping transaction records and reporting suspicious activity. These obligations apply to licensed service providers, not to individual users trading on an overseas platform.
How to Deposit from Morocco
Morocco has no dedicated local crypto exchange like Mexico’s Bitso, so Moroccan users typically rely on international exchanges that support MAD deposits via P2P bank transfer or card.
Step 1: Buy USDC on a Local Exchange
| Exchange | MAD Deposits | Card Payments | Notes |
|---|---|---|---|
| Binance | P2P | Yes | Widely used in Morocco; MAD P2P desks |
| Bybit | P2P | Yes | Strong MAD P2P support (Attijari, Attijariwafa, BCP, CIH, BMCE) |
| OKX | P2P | Yes | Low fees; P2P MAD trading |
| Coinbase | No (card) | Yes | Global platform; card deposits |
Deposit Methods Explained
MAD P2P (Peer-to-Peer): Morocco’s most practical on-ramp is a P2P market on an exchange like Bybit or Binance. You send a MAD transfer to a Moroccan trader’s bank account (many accept Attijariwafa, Attijari, BCP, CIH, or BMCE transfers, or Wafacash cash), and the exchange matches you with crypto in return. This avoids the card fees charged by most exchanges for fiat purchase.
Debit Card: You can buy crypto directly with a Moroccan debit card on Binance, Bybit, OKX, or Coinbase. This is fast but typically carries higher fees (commonly 1.5%–3.5%) and may be rejected by some Moroccan banks that restrict crypto purchases.
Bank Transfer (direct): Direct MAD bank-transfer deposits to international exchanges are limited because Moroccan banks generally don’t process crypto-fiat transfers. The P2P method is the standard workaround.
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
Morocco does not have a specific tax code for cryptocurrency. Because crypto remains officially unregulated, the tax treatment of gains from platforms like Polymarket is unclear and largely untested.
General Income Tax Framework
In the absence of a dedicated crypto tax, crypto profits would generally be assessed under Morocco’s general framework for income tax (Impôt sur le Revenu, IR). However, there is no established, published position from the Moroccan tax authority (Direction Générale des Impôts) specifically addressing crypto trading or prediction-market profits.
What This Means in Practice
- No specific crypto tax exists — there is no set rate or rule for crypto capital gains in Morocco
- No reporting framework for crypto has been established, so there is no clear filing obligation for foreign-platform trading
- Because the legal framework is still being developed (and crypto was technically banned until recently), the tax treatment is genuinely uncertain
Given the uncertainty, keep records of all deposits, trades, and withdrawals, and consult a local tax advisor before assuming how Polymarket profits should be treated in Morocco.
Getting Started
If you’re in Morocco and want to start trading on Polymarket:
- Sign up for Polymarket — under 2 minutes, no KYC required
- Buy USDC on Binance or Bybit via MAD P2P or debit card
- 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