7 Best Polymarket Alternatives in Canada (2026)

Quick Comparison: Top 3 Polymarket Alternatives for Canada

Complete List: 7 Polymarket Alternatives for Canadians

1. Bet99 - Best Overall for Canadian Politics

Bet99 is the top choice for Canadians who want to bet on political outcomes, elections, and current events.

• What you can bet on: Canadian federal elections, provincial elections, US elections, global events
• Odds quality: Better than Polymarket for Canadian markets (5-10% better payouts)
• Deposit methods: Interac, Visa, Mastercard, bank transfer
• Withdrawal speed: 24-48 hours via Interac e-Transfer
• Mobile app: iOS and Android

2. Bodog - Best for Crypto Users

If you love Polymarket's crypto-native approach, Bodog is your best Canadian alternative.

• Crypto support: Bitcoin, Ethereum, Litecoin, USDC accepted
• Anonymity: No ID required for crypto deposits under $2,000
• Variety: Sports, politics, entertainment, casino
• Reputation: 27+ years in business, trusted brand

3. Kalshi (US Alternative - Educational)

Kalshi is a CFTC-regulated prediction market (US only). Canadians can't use it, but it's worth knowing about if you travel to the US.

• Legal status: Fully regulated by CFTC
• Markets: Elections, Fed interest rates, economic data
• For Canadians: Not accessible, but shows where the industry is heading

4. PredictIt (Educational Only)

PredictIt is another US-based prediction market, but it's shutting down in 2026 due to regulatory issues.

• Status: Closing operations
• Lesson: Regulated alternatives like Bet99 are safer long-term

5. Sports Betting Sites (Political Markets)

Many Canadian sportsbooks now offer political betting markets:

• Bet365 Canada: Large selection, global events
• 888Sport: Good for European politics
• Betway: NHL and Canadian sports focus

6. DeFi Prediction Markets (Advanced)

For crypto-savvy users, decentralized prediction markets exist:

• Azuro Protocol: Decentralized sports betting
• Augur (v2): Original DeFi prediction market (low liquidity)
• Pros: No KYC, censorship-resistant
• Cons: Complex UX, low liquidity, smart contract risks

7. Crypto Exchanges (Indirect Play)

Instead of betting on outcomes, invest in prediction market tokens:

• Coinbase Canada: Buy UMA, MATIC tokens
• Kraken: Lower fees, more crypto options
• Strategy: Hold tokens that benefit from prediction market growth

Feature Comparison Table

Why Choose a Canadian Alternative Over Polymarket?

1. Better Odds on Canadian Events

Example: 2025 Canadian Federal Election

• Polymarket odds (Conservatives win): 1.65 (low liquidity)
• Bet99 odds (Conservatives win): 1.75 (better payout)
• Your profit on $100 bet: $10 more with Bet99

2. No Crypto Conversion Hassle

With Polymarket, you need to:

1. Convert CAD → USD (1-2% fee)
2. Buy USDC on an exchange (0.5-1% fee)
3. Transfer USDC to Polygon (gas fees)
4. Trade on Polymarket
5. Reverse the process to cash out

Total fees: 3-5% round trip

With Bet99/Bodog:

1. Deposit CAD via Interac (free)
2. Bet
3. Withdraw via Interac (free)

Total fees: 0%

3. Legal Protection & Regulation

Regulated Canadian platforms offer:

• Consumer protection: Licensed by provincial gaming authorities
• Dispute resolution: Regulatory body oversight
• Tax clarity: Winnings reported, no ambiguity
• Responsible gambling tools: Deposit limits, self-exclusion

How to Choose the Right Alternative

Tax Implications for Canadian Bettors

Good news: Casual gambling winnings are generally tax-free in Canada.

• Sports betting: Not taxable if it's recreational
• Prediction markets: CRA hasn't issued specific guidance yet
• Professional gamblers: If betting is your primary income, it may be taxable
• Crypto gains: If you profit from crypto price appreciation, that's taxable

Step-by-Step: Getting Started with Bet99

Frequently Asked Questions

Is Polymarket legal in Canada?

Yes, Polymarket is accessible in Canada. It's not explicitly regulated, but it's not banned either. Canadian users can trade on Polymarket using crypto wallets.

Which is better: Bet99 or Polymarket?

Bet99 is better for: Canadian-specific events, CAD deposits, legal protection, bonuses

Polymarket is better for: US elections, global events, anonymity (no KYC), crypto-native users

Can I use both platforms?

Yes! Many smart bettors use Bet99 for Canadian markets and Polymarket for US/global markets. This gives you the best odds on each platform.

Do I need a VPN for Polymarket in Canada?

No, Polymarket is accessible in Canada without a VPN. VPNs are only needed for US users (where Polymarket is blocked).

How do I withdraw winnings from Bet99?

Use Interac e-Transfer. Withdrawals typically process in 24-48 hours and arrive directly in your Canadian bank account.

Conclusion: Best Polymarket Alternative for You

Ready to get better odds than Polymarket? Join thousands of Canadians on Bet99: