InfoMarket looks like a prediction market, but every trade is a bet with Bet Right, and we couldn't check its payments or support. These licensed options are longer established and published more of what we needed to check.
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Best Bet Right alternatives
Checked
The best Bet Right alternative for most people in Australia is Betfair. Betfair is Australia's only licensed betting exchange, the closest thing to a prediction market the law allows: you back or lay at prices other punters set, for a commission on net winnings.
A real market between punters: on the Betfair exchange you back or lay at prices other punters set, for a published commission.
Detailed election markets: bet365 publishes rules for seat totals, vote share and a hung parliament.
Published payments and support: PointsBet pays most withdrawals within 30 minutes and answers 24/7.
The best Bet Right alternatives in Australia
Rank #1BF
Betfair
Closest to a prediction market
8.5 /10
Betfair is Australia's only licensed betting exchange, the closest thing to a prediction market the law allows: you back or lay at prices other punters set, for a commission on net winnings.
Type
Betting exchange: back or lay against other punters
Event markets
Elections and politics, awards, sport and racing
Commission or margin
Commission on net winnings: 6% on sport (politics rate not published)
The only licensed betting exchange in Australia: you bet against other punters, at prices they set
A published commission on net winnings instead of a built-in margin, and nothing to pay on a market you lose
Deep politics markets, from US election winners to state races and electoral college handicaps
Polymarket holds no Australian licence, ACMA has put polymarket.com on its list of blocked illegal gambling websites, and Polymarket itself lists Australia among the countries it restricts. See is Polymarket legal in Australia?
When to stick with Bet Right
Stick with InfoMarket if you like prices shown as probabilities and the option to sell a position before the result, and don't mind that every trade is a bet with Bet Right.
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