‘We’re concerned’: US-based prediction markets taking bets on Australian elections and Albanese’s word choices
US-based prediction markets are gaining traction by allowing bets on Australian elections and specific statements made by Prime Minister Anthony Albanese. Regulators and gambling advocates express concern over the potential impact of these platforms, which operate without Australian approval. The rise of these markets raises questions about gambling regulation and consumer protection in Australia.
- ▪Prediction market websites like Kalshi and Polymarket are taking bets on Australian elections and Albanese's word choices.
- ▪These platforms are not approved by Australian regulators and do not allow Australian users, yet can be accessed via VPNs.
- ▪Gambling harm advocates warn that the popularity of these sites could lead to significant gambling issues in Australia.
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A Kalshi digital ad is displayed in Times Square during the New York City mayoral election in November 2025. Photograph: Adam Gray/Bloomberg via Getty ImagesView image in fullscreenA Kalshi digital ad is displayed in Times Square during the New York City mayoral election in November 2025. Photograph: Adam Gray/Bloomberg via Getty ImagesGambling‘We’re concerned’: US-based prediction markets taking bets on Australian elections and Albanese’s word choicesRegulators and gambling harm advocates have been closely watching the rise in popularity of Polymarket and Kalshi Get our breaking news email, free app or daily news podcast Josh ButlerSun 24 May 2026 11.00 EDTSharePrefer the Guardian on GoogleUS-based “prediction market” websites are taking tens of thousands of dollars in bets on Australian…
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