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Are prediction markets like Polymarket halal?
Answered by the ShariaQuant team
No. They call themselves information markets rather than betting, but Islamic law tests the structure of the contract and the structure is a wager. You stake money on an uncertain event, your gain is funded entirely by the person on the other side, and nothing is produced.
Are prediction markets halal?This is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.