Two new fluorescent probes are used to monitor photopolymerization reactions of mono‐ and difunctional acrylic monomers. The probes are shown to be sensitive to both the microviscosity and the micropolarity of the surroundings, and their fluorescence intensity varies with the degree of conversion for the different systems under investigation, throughout the entire polymerization process. The relationship between the fluorescence intensity ratio and double‐bond conversion is linear for the photopolymerization reaction of monofunctional monomers, while it follows a two‐stage behavior for the difunctional ones. The data is interpreted using mechanistic considerations. Sensitivity factors of the new probes are better than those of commercial probes of common use such as dansylamide.