A plain, dated guide to prediction market legality in Chile. The platforms are reachable and have not been specifically classified, but online gambling outside a few authorised operators is unlawful, courts have ordered broad site blocks, and a reform bill is moving through the Senate. Information, not legal advice. As of May 2026.
Last reviewed 16 May 2026 · Status as of May 2026 · Information, not legal advice
As of May 2026, prediction markets sit in an unregulated grey area in Chile. Online gambling is unlawful unless expressly authorised, and only bodies such as Polla Chilena de Beneficencia, Loteria de Concepcion, licensed racetracks and casinos operate lawfully. Regulators have not classified prediction markets as gambling, securities or crypto products, so platforms such as Polymarket remain reachable, but a September 2025 Supreme Court ruling ordered providers to block hundreds of unauthorised gambling sites and a comprehensive online gambling bill is under debate. Treat the position as unsettled and confirm the live rules before you act.
Chile runs an authorised list model for gambling. If an operator is not on the authorised list, it is not permitted, even if it has not been singled out. Prediction markets have not been specifically classified, which is why Polymarket remains reachable, but that silence is a gap rather than a permission, and the courts have already shown they will order broad blocks of unlicensed betting.
The honest uncertainty is how prediction markets get classified as the reform settles. If they are read as online gambling, the existing blocking framework or a new licensing regime could apply. If they are read as a financial product, the Fintech Law and the CMF could be relevant. We mark the position as an unregulated grey area with a real risk of future blocking.
No prediction market is on Chile’s authorised list and none is licensed here, so there is no authorised venue to recommend and no open account module on this page. The standing below is informational.
Standing is indicative and as of May 2026. We link to a platform only where it is genuinely available and authorised for a reader here, and we mark contested or blocked positions as such. We do not treat reachability through a browser as legality.
For gambling the relevant body is the Superintendencia de Casinos de Juego, and broad enforcement has come through the courts. For financial and crypto products the supervisor is the Comisión para el Mercado Financiero, the CMF, under the Fintech Law. Confirm the live position with them directly.
Status as of May 2026. We never invent a citation, and where a position is contested we say so.
An unregulated product is not a safe one, and access today does not guarantee access tomorrow. Prediction markets can lose you money. Stake only what you can afford to lose, never to chase a loss, and never on borrowed money. If gambling is causing you harm in Chile, seek support from a local health or counselling service.
As of May 2026 they are reachable but unregulated. Regulators have not classified them as gambling, securities or crypto products, yet online gambling is only lawful where expressly authorised, so they sit in a grey area rather than being clearly permitted. This is general information, not legal advice.
No. Polymarket remains reachable and was not named in the September 2025 Supreme Court order that blocked hundreds of unauthorised gambling sites. That ruling shows, however, that unlicensed betting sites can be blocked at the network level.
Lawful gambling is limited to authorised bodies, with casinos overseen by the Superintendencia de Casinos de Juego. Broad enforcement against unlicensed sites has come through the courts. Crypto and financial products fall to the CMF under the Fintech Law.
It is possible. If they are later classified as online gambling, the existing blocking framework or the reform bill moving through the Senate could apply. Treat the grey area as the current position and verify before relying on it.
Crypto trading is legal and is regulated under the 2023 Fintech Law, Ley 21.521, supervised by the CMF. That does not by itself make a crypto native prediction market authorised, since the gambling question is separate.
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