Polymarket enters Turkish market through Paribu

Paribu, a Turkish cryptocurrency exchange and digital asset platform, has rolled out Türkiye's first local access to prediction markets by integrating Polymarket into its platform.

Starting immediately, users can access the feature through the app’s decentralized finance (DeFi) section and open positions using their existing Paribu balance. While trades are executed and settled on-chain through Polymarket, users retain full control of their assets in self-custodial wallets throughout the process, the Turkish exchange said.

Prediction markets gain traction

Prediction markets allow participants to trade on whether future events will occur, with contract prices reflecting the market's estimate of an outcome's probability.

Founded in 2020, Polymarket has emerged as a leading player in the sector, allowing users to trade on the outcomes of real-world events by buying and selling "Yes" or "No" shares tied to specific questions. The platform is built on blockchain technology and primarily uses USDC on the Polygon network.

Paribu noted that these markets increasingly serve as real-time indicators of developments in geopolitics, macroeconomics and culture. The company pointed to rapid growth in the sector, citing TRM Labs data showing monthly transaction volume climbed from $1.2 billion in early 2025 to more than $20 billion by January 2026.

Legal gray area remains

The launch gives Turkish users their first locally integrated access to such a platform, as Turkish law has yet to specifically regulate prediction markets, while the country maintains strict laws against unauthorized online betting and gambling. "Türkiye has consistently adopted new financial instruments early, and until now these markets had no real distribution here," Paribu said in a statement, without addressing the legal status of prediction markets.

Paribu serves around 7 million users, lists more than 220 cryptocurrencies and has recorded daily spot trading volumes exceeding $100 million, according to CoinGecko.

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Source : Türkiye Today, July 02, 2026.