Prediction Market Software - Australia
TRUEiGTECH builds and launches custom prediction market platforms that let Australian operators create multi-outcome markets on politics, finance, sport, entertainment, and climate. We deliver market engines, liquidity tools, KYC and payments, plus guidance on local rules so you can launch, monetise and scale with confidence.
Key Features of Prediction Market Software for Australia
Settlement and Payouts
Once the event resolves, the platform determines the outcome and pays out to correct holders. This can be automatic or manual, depending on the design.
Oracles and Outcome Verification
To resolve markets, platforms rely on trusted data sources (oracles) or adjudication mechanisms to verify the real-world outcome.
Deposit & Withdrawal Mechanisms
Handling of funds, whether fiat or cryptocurrency, including deposit, holding, trading, and withdrawal flows, and sometimes wallet integrations.
Event / Market Creation
Administrators or users can create new prediction markets, and each market corresponds to a question or event, typically binary (yes/no) or multi-outcome formats.
Order Book or Liquidity Mechanism
An integrated system that lets buyers and sellers trade positions. This can be via automated order books, market makers, or liquidity pools.
Trading of Outcome Shares
Users buy and sell “shares” or “contracts” tied to specific event outcomes. Prices reflect collective market sentiment about the likelihood of each outcome.
Benefits of TRUEiGTECH Prediction Market Software Development in Australia
Tailored for Australian Compliance
TRUEiGTECH develops platforms aligned with Australia’s ACMA guidelines and regulatory environment, reducing the risk of shutdowns or penalties.
Customizable Market Design
With TRUEiGTECH, operators will get the flexibility to launch binary, multi-outcome, or continuous markets across politics, finance, sports, entertainment, or climate events.
Operator-Focused Profitability
Built-in commission models, fee controls, and liquidity incentives are added according to the local laws and rules to help operators monetise effectively from day one.
Faster Time to Launch
With ready-made frameworks and proven workflows, we ensure your platform goes live in weeks instead of spending months on brainstorming and building from scratch.
Ongoing Support & Maintenance
TRUEiGTECH doesn’t walk away after delivery. Continuous updates, monitoring, and technical support keep platforms stable and profitable.
Future-Ready Technology
TRUEiGTECH ensures your prediction marketplace platforms stay ahead with blockchain compatibility, smart contracts, and evolving compliance frameworks.
Suite of Prediction Market Development Solutions in Australia
- Centralised Prediction Market Software
- White Label Prediction Marketplace Software
- Customised Prediction Market Software
- Decentralised Prediction Market Software
- Prediction Market Clone Software
- Turnkey Prediction Market Software
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Why Should Operators Trust TRUEiGTECH for Prediction Market Software Development?
Operators in Australia cannot afford to bet on unreliable technologies and teams with a lack of knowledge that don’t understand local rules. TRUEiGTECH stands out by building market-ready software tailored to Australia’s regulatory environment, complete with the integrations, scalability, and support operators needed to succeed. We deliver confidence that your markets will run smoothly, profitably, and within the law.
- Deep knowledge of Australian compliance frameworks, the platform is built legally.
- Our development covers everything from market creation engines to payment integration.
- Built-in liquidity tools and incentives provide strong trading activity from launch.
- Scalable architecture handles traffic spikes during high-demand events without downtime.
- Transparent settlement and oracle integrations protect user trust and platform integrity.
- Localised support and ongoing maintenance mean easy resolution of complex issues.
Online Prediction Market Software Licenses and Compliance Requirements in Australia
Prediction marketplace platforms operating in Australia face strict legal prohibition under current regulatory frameworks. The Australian Communications and Media Authority (ACMA) has classified these cryptocurrency-based betting platforms as "prohibited and unlicensed regulated interactive gambling services" that violate the Interactive Gambling Act 2001. The regulatory approach towards prediction markets is the same as its approach towards traditional online gambling services, with ACMA adding these platforms to its national list of restricted offshore gambling sites.
It’s clear that you cannot build and operate an online prediction marketplace for Australian users. However, Australia-based companies can develop and export prediction market software for use in the US, provided the software itself is not offered to Australian consumers or used to facilitate illegal gambling activity in Australia.
However, any company wanting to establish a prediction marketplace business in Australia for users in another country must still comply with standard Australian business laws and any applicable financial software export regulations, including responsible gambling content restrictions and anti-money laundering (AML) obligations if financial transaction processing is included in the product.
Prediction Markets in Australia: A Cultural and Historical Overview
In Australia, prediction markets have never fully taken root as mainstream platforms in the way they have in the U.S. or Europe. Unlike betting exchanges or futures markets, binary event markets with yes or no contracts on the outcome of future events have always operated in the grey zone within the purview of the Australian law.
As a result, there was never a time when prediction marketplaces like Polymarket and Kalshi were able to operate freely and widely in Australia under operator licenses or regulatory clearance.
Having said that, Australians are no strangers to wagering on future outcomes. There’s a long-standing tradition of betting on horse racing and engaging with speculative markets. This shows Australians have an appetite for forecasting, wagering on outcomes, and speculation. If prediction markets were presented clearly as tools for hedging or forecasting, it’s possible that Australians will accept them.
In August 2025, prediction market Polymarket was blocked in Australia under the Interactive Gambling Act. The ban shows that yes/no event contracts, even if crossing into prohibited betting without safeguards, licensing, or consumer protections required in Australia, won’t be feasible.
But given the eagerness of Australians to participate, they might use them if they were built, regulated, and presented in the right way. That’s the opportunity you can seize with TRUEiGTECH as your prediction market software provider, designing a platform that fits within Australia’s legal and cultural environment, and framing prediction markets not as sheer gambling but as tools for insight, hedging, and decision-making.
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Top Prediction Software Developers in Australia
TRUEiGTECH
TRUEiGTECH builds end-to-end prediction market platforms plus wallets, KYC, liquidity modules, and payments integrations. They position prediction markets as an iGaming extension and offer turnkey launch stacks, responsible-gaming tools, and post-launch support useful for operators who need a ready, compliant product built and hosted by an experienced iGaming team.
WeAlwin
WeAlwin specialises in blockchain, smart contracts, and crypto exchange tooling. Their services include wallet integrations, token economics, and DeFi primitives, making them a fit for operators seeking crypto-native prediction markets or on-chain settlement. They emphasise quick builds and Web3 infrastructure for tokenised market models.
Antier Solutions
Antier offers enterprise blockchain and crypto prediction platform development, pairing smart contracts with AI modules for price discovery and market analytics. They target regulated and DeFi use cases, providing end-to-end engineering, security audits, and payment rails for fiat and crypto, suitable for operators wanting hybrid centralised/decentralised markets.
Hivelance
Hivelance focuses on crypto prediction marketplaces and decentralised market kits. They provide ready-made market engines, liquidity mechanisms, and blockchain integrations to launch tokenised prediction exchanges quickly. Their pitch centres on rapid deployment for crypto-first operators who prioritise decentralised settlement and low-friction onboarding.
Softcurators
SoftCurators is a full-stack development agency offering custom platform builds, front-end UX, APIs and backend scaling. While not exclusively focused on prediction markets, their practical experience in web and mobile platforms, rapid MVPs, and integrations makes them a pragmatic partner for bespoke market platforms and operator tooling.
Opinios Labs
Opinios Labs develops prediction markets under the O.LAB brand, with a focus on decentralised opinion markets, AI oracles and privacy-first onboarding. Their work emphasises audited smart contracts, ecosystem tools and community governance ideal for teams aiming for permissionless, transparent market models.
Cost of Developing Prediction Market Software in Australia
The cost of building a prediction market platform in Australia typically ranges between USD 35,000 and 200,000+, depending on whether you’re launching a lean MVP or a full-scale, compliance-ready prediction marketplace.
| Development Step | What It Involves | Estimated Cost (USD) |
| Discovery & Planning | Market research, compliance checks, technical architecture, feature roadmap | 5,000 – 10,000 |
| UI/UX Design | Wireframes, dashboards, trading interface, mobile-first layouts | 7,000 – 12,000 |
| Core Market Engine Development | Event creation, order matching, pricing logic, payout system | 18,000 – 30,000 |
| Smart Contracts / Blockchain Integration | Oracle setup, settlement automation, token design (if crypto-based) | 15,000 – 25,000 |
| Payments & Wallets | Fiat gateways, crypto wallets, KYC/AML integration | 10,000 – 20,000 |
| Liquidity & Incentive Modules | Automated market maker, liquidity pools, and fee structures | 8,000 – 15,000 |
| Admin & Compliance Tools | Market moderation, dispute resolution, audit logs, and reporting | 9,000 – 15,000 |
| Testing & Security Audits | Functional testing, load testing, and smart contract audits | 12,000 – 20,000 |
| Deployment & Hosting | Cloud setup, scaling, monitoring, API connections | 3,000 – 7,000 |
| Ongoing Support & Maintenance | Updates, compliance monitoring, scaling, bug fixes | 2,000 – 5,000 per month |
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Payment Gateways for Prediction Software in Australia
Given the regulatory strictness and limitations set by the Australian government, prediction marketplace software development companies must integrate popular and legally compliant payment gateways.
Prediction Market Software Types by TRUEiGTECH
TRUEiGTECH has expertise in delivering a wide range of prediction marketplace software. We customise every aspect of the software according to your requirements, business goals, and target audience preferences.
Centralised Prediction Markets
Decentralised Prediction Markets
Prediction Market Clone Software
White-Label Prediction Market Software
Customised Prediction Market
Popular iGaming Events in Australia
These are the most popular iGaming events in Australia
Australasian Gaming Expo (AGE)
Regulating The Game Conference
Australasian Gaming Council (AGC)
Australasian Hospitality and Gaming (AHG)
Global Gaming Expo (G2E)
Prediction markets are not broadly legal in Australia. They are typically treated as gambling products under the Interactive Gambling Act 2001. This means operators cannot offer real-money prediction markets to the general public without explicit licensing, which is rarely granted.
If your platform involves real-money stakes and payouts, it falls under gambling law. Operators would need a gambling license from an Australian regulator, such as the Northern Territory Racing Commission or another recognised licensing body.
The main law is the Interactive Gambling Act 2001, which restricts online gambling services offered to Australians. State and territory gambling commissions also impose rules. Any operator must comply with AML/CTF (anti-money laundering and counter-terrorism financing) regulations.
Australians can access some offshore platforms, but they exist in a legal grey area. Most international prediction markets block Australian users due to compliance risks, as participation is not officially permitted under Australian gambling laws.
To launch legally, an operator must apply for a gambling license from an Australian regulator, build software that meets compliance standards, integrate approved payment methods, and implement responsible gambling safeguards. Expert legal guidance is essential before development.
Australia-based operators or operators looking to establish their business here have to face strict licensing requirements, get regulatory approvals, and follow compliance laws. Moreover, they face difficulty in attracting liquidity because of several restrictions.
Prediction markets in Australia can generate revenue from multiple sources, including trading fees on each market transaction, market creation fees, spreads or commission on the liquidity pools, and by offering some premium features.
A decentralised prediction marketplace software built by TRUEiGTECH can integrate both. However, fiat payments in Australia require local gateways and compliance checks, while crypto payments face additional regulatory scrutiny under AML/CTF laws. Rest assured, the TRUEiGTECH compliance and legal team will help you understand all requirements.
Ethereum is the most widely used due to smart contract support and liquidity. Other blockchains gaining traction include Polygon, Binance Smart Chain, and Solana for faster and cheaper transactions. Chainlink oracles are often used to resolve market outcomes.
Prediction markets allow users to buy and sell “shares” in outcomes, with prices reflecting the probability of events. Traditional betting is usually a fixed-odds wager. Prediction markets function more like financial exchanges, offering continuous trading and liquidity.
The future depends on regulatory changes. While currently restricted, growing global interest in event-based forecasting and blockchain technology could push policymakers to revisit the rules. If regulations ease, Australia could see niche, licensed platforms emerge.