# Are Polymarket and Kalshi legal in Italy?

URL: https://tomorrowalpha.com/legal/italy
Updated: 2026-10-12

No. Italy's customs and monopolies agency (ADM) first blacklisted Polymarket in October 2025, removed it in December, and relisted it on 10 July 2026, with access blocked from 27 July. The TAR Lazio rejected Polymarket's urgent appeal in August 2026. Kalshi lists Italy as a restricted jurisdiction, so Italian users cannot trade referendum or election contracts.

## At a glance

- **Regulator:** Agenzia delle Dogane e dei Monopoli (ADM)
- **Polymarket:** Blacklisted & ISP-blocked (from 27 Jul 2026)
- **Kalshi:** Restricted
- **Legal basis:** Law 401/1989 art. 4 (unauthorised betting)

## Polymarket in Italy: timeline

| Date | Event |
| --- | --- |
| 22 Oct 2025 | ADM adds Polymarket to its blacklist |
| 15 Dec 2025 | Listing removed |
| 10 Jul 2026 | ADM relists Polymarket |
| 27 Jul 2026 | Access blocked by Italian ISPs |
| Aug 2026 | TAR Lazio rejects urgent appeal; block stays |

## Can Italians trade Kalshi markets on Italian referendums?

No. Kalshi may list contracts on Italian politics, but its member agreement bars anyone located in Italy from trading them. You can still follow the odds on TomorrowAlpha as information.

## Frequently asked questions

### Is Polymarket legal in Italy?

No. ADM blacklisted it and the site has been blocked in Italy since 27 July 2026.

### Is Kalshi available in Italy?

No. Italy is on Kalshi's restricted-jurisdiction list.

## Sources

1. [Il Sole 24 Ore — Polymarket blocked again in Italy](https://www.ilsole24ore.com/art/polymarket-bloccato-italia-sito-nuovo-lista-nera-dogane-AJ4YI4E)
2. [Milano Finanza — TAR Lazio rejects appeal](https://www.milanofinanza.it/news/polymarket-il-tar-del-lazio-respinge-il-ricorso-d-urgenza-il-sito-resta-oscurato-in-italia-202608051324451066)
3. [Kalshi member agreement](https://kalshi.com/docs/kalshi-member-agreement.pdf)