Polymarket Chile: Open While Two Neighbors Blocked It

Two of Chile’s neighbors have already answered the Polymarket question by force. Colombia had MinTIC add it to a national ISP blocklist in September 2025. Argentina had a Buenos Aires court order it blocked outright in March 2026. Chile, which spent the same stretch of time building a blocklist of its own with more than 900 gambling sites on it, has done neither — not because Polymarket passed some Chilean review, but because nobody has brought the case.

Is Polymarket Legal in Chile? A Rule Nobody Has Applied to It

On September 29, 2025, the Third Constitutional Chamber of Chile’s Supreme Court ruled that online gambling is illegal unless a law expressly authorizes it, siding with Lotería de Concepción in a case against the country’s major internet providers — Claro, Entel, GTD, Telefónica, WOM, and VTR. The blocklist that followed, run through the Superintendencia de Casinos de Juego (SCJ) and Subtel, named Betano, Coolbet, JugaBet, Rojabet and Betsson in its first round and grew past 900 domains by 2026. Every name on it is a sportsbook or casino that was actively marketing to Chilean bettors. Polymarket isn’t one of them, and no Chilean court has separately ruled on an event-contract exchange.

Chile’s Neighbors Went Two Different Ways

Polymarket’s own restricted-jurisdiction list has grown past 34 countries by mid-2026, and it now includes both Argentina and Colombia. Chile is not on that list either. A Chilean resident can open polymarket.com and trade without a VPN and without hitting a Polymarket-side geo-block — the same gap that leaves Kalshi reachable from Chile while it, too, sits unlicensed.

Is Polymarket Legit in Chile? What a Chilean Think Tank Said

Centro de Estudios Públicos — a respected, independent Chilean policy institute, not a foreign blog — published research warning that platforms like Polymarket build speculative communities carrying genuine manipulation risk: everything from classic insider trading to people betting on events they can influence themselves. The paper argued Chile’s incoming betting law will already be out of step with how far event markets have moved by the time it passes. That’s a policy warning about the category, not a finding that Polymarket has failed to pay a resolved market. The platform’s global settlement record and its Chilean regulatory status are two different questions, and CEP was answering the second one skeptically, not the first.

The Election Markets That Got Chile’s Attention

Polymarket ran live contracts on Chile’s own presidential race — the November 16, 2025 first round and the December 14, 2025 runoff — pricing candidates the same way it prices any election globally. That activity is part of why a Chilean think tank was writing about the platform by name in the first place. None of it required Chilean licensing to run, and none of it is covered by Chilean consumer protection if something goes wrong.

Is It Safe to Use From Chile?

Reachable, yes — more than can be said for the 900-plus sites Chilean ISPs are now blocking under court order. Safe in the fuller sense is thinner. No SCJ license backs a Chilean account, which means no local consumer-protection framework and no Chilean authority to call if a contract dispute or a frozen account comes up. Every issue routes through Polymarket’s own process, the same as it would for a user anywhere the platform hasn’t been specifically blocked. Bulletin 14838-03, even if it eventually passes, is written for licensed sportsbooks and casinos, not exchanges — it wouldn’t obviously change any of this. Trading event contracts can lose the full stake regardless of where the block lines fall. It is not a way to make money, and in Chile right now it is also not a licensed one.