Polymarket is accessible in Serbia — the platform does not geoblock Serbian IP addresses. Serbia stands out in the region for having an early, comprehensive digital asset legal framework: the Law on Digital Assets, in force since 2021, introduced licensed crypto exchanges supervised by the National Bank of Serbia, and a flat 15% capital gains tax on crypto. Here’s what Serbian users need to know about using Polymarket.
Current Status: Accessible
Serbia is not on Polymarket’s geoblocked countries list. The platform is fully accessible from Serbian IP addresses. Serbian users can sign up, deposit, and trade on all available markets without restriction.
Serbia’s crypto scene is active but moderate in scale, boosted by a clear regulatory regime that allows licensed local exchanges to operate openly. Crypto12 operates as a regulated exchange under the supervision of the National Bank of Serbia, and ECD is a widely used Serbian wallet and trading app — both give residents a straightforward RSD-to-crypto on-ramp.
The legal landscape for prediction markets themselves sits in a grey area. Serbia’s gambling law targets licensed operators, and its digital asset law regulates exchanges and token issuers, but neither explicitly addresses decentralized prediction markets like Polymarket. There is no known enforcement action against Serbian Polymarket users.
The Legal Landscape
The Law on Digital Assets (2021)
Serbia’s Law on Digital Assets was adopted in December 2020 and entered into force in June 2021, making Serbia one of the first countries in Europe with a comprehensive framework for digital assets. The law:
- Defines “digital assets” and “virtual currencies” in Serbian law
- Requires licensing for companies providing virtual currency exchange and custody services
- Assigns supervision to two regulators — the National Bank of Serbia (NBS) for virtual currency services and the Securities Commission for security-like digital assets
- Sets out AML (anti-money laundering) and KYC obligations for licensed providers
Under this law, exchanges like Crypto12 (operated by Vescon) are licensed by the NBS and the Securities Commission, giving Serbian residents access to regulated on-ramps.
The Law on Games of Chance
Serbia’s gambling sector is governed by the Law on Games of Chance, overseen by the Games of Chance Administration, a body within the Ministry of Finance.
- Only operators with a license from the Administration can legally offer games of chance, including online sports betting and casino games
- The law was amended in late 2024, tightening operator requirements and financial obligations
- Licensed bookmakers such as Mozzart and Meridian dominate the sports betting market
Prediction markets are not explicitly addressed in the Law on Games of Chance. Decentralized platforms like Polymarket, where users bet against each other in crypto rather than against a licensed operator, fall outside the scope of both the gambling law and the digital asset law. This leaves them in a largely unregulated grey area for individual users.
Regulatory Summary
| Body | Role |
|---|---|
| National Bank of Serbia (NBS) | Licenses and supervises virtual currency exchange and custody providers |
| Securities Commission | Regulates instrument-like digital assets and token issuance |
| Games of Chance Administration (Ministry of Finance) | Licenses and supervises gambling operators |
For Polymarket, no Serbian body has issued a specific ruling or enforcement action covering decentralized prediction markets.
How to Deposit from Serbia
Serbia benefits from licensed local exchanges and reliable fiat on-ramps.
Step 1: Buy USDC on a Local Exchange
| Exchange | RSD Bank Transfer | Card | Notes |
|---|---|---|---|
| Crypto12 | Yes | Yes | Serbian-regulated exchange, licensed by NBS and the Securities Commission |
| ECD Wallet | Yes | Yes | Popular Serbian wallet and trading app with local fiat support |
| Binance | Via P2P | Yes | Global leader; P2P RSD trading available |
| Bybit | Via P2P | Yes | Low fees; broad asset selection and card support |
Deposit Methods Explained
Bank transfer (RSD): The most common way to fund a Serbian exchange is by a RSD bank transfer from your local bank account to the exchange’s account. Deposits to licensed local platforms are straightforward and in local currency.
Card payments: Many exchanges accept debit and credit card purchases of crypto in RSD, which are typically instant though they may carry higher fees than bank transfers.
P2P trading (on global platforms): Global exchanges like Binance and Bybit offer peer-to-peer (P2P) markets where you can buy USDT or USDC from local sellers using RSD bank transfers or other local payment methods.
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
Serbia has a clear framework for taxing crypto gains, which is considered crypto-friendly relative to many neighbors.
Capital Gains Tax
Under the Law on Digital Assets and the personal income tax framework, gains from the sale or exchange of digital assets are subject to capital gains tax at a flat rate of 15% for individuals.
- Tax is generally calculated on the gain (difference between sale and acquisition value, net of costs)
- Capital gains can be offset by capital losses in the same period
- In some cases, reinvestment into a Serbian company within a set period can reduce the tax burden
Polymarket Profits
Profits realized by Serbian residents from trading on Polymarket — where positions are denominated in crypto like USDC — are treated as part of the individual’s taxable crypto activity rather than a separate category. Serbia does not have special “gambling winnings” taxation that would automatically apply to prediction market profits; they fall under the general capital gains framework for digital assets.
Reporting Requirements
- You are responsible for self-reporting crypto gains to the Serbian Tax Administration (Poreska Uprava)
- Keep detailed records of deposits, trades, withdrawals, and the RSD value of your crypto at each transaction
- There is generally no withholding on trades made on foreign platforms — reporting is your responsibility
What You Don’t Pay
- No separate crypto tax surcharge — the flat 15% capital gains rate applies
- No VAT on individual crypto-to-crypto conversions (Serbia taxes may apply differently for VAT-registered businesses, so individuals should confirm their own situation)
Individual circumstances vary, so it’s worth consulting a Serbian tax advisor for your specific situation.
Getting Started
If you’re in Serbia and want to start trading on Polymarket:
- Sign up for Polymarket — under 2 minutes, no KYC required
- Buy USDC on Crypto12 or a global exchange via RSD bank transfer or 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