The invention belongs to the field of communication materials, and particularly relates to a thermosetting hydrocarbon polymer composition, and a prepreg and a thermosetting copper-clad plate preparedtherefrom. The preparation method comprises the following steps: preparing a polyarylether-polyolefin block copolymer; preparing a thermosetting hydrocarbon polymer composition with adjustable dielectric property, flame retardant property and the like; impregnating the homogeneous dispersion of the composition with a fiber cloth; impregnating the fiber cloth in the uniform dispersant of the composition, and baking the fiber cloth to obtain the prepreg with homogeneous glue distribution, strong resin adhesive force, smooth surface and proper toughness and viscosity; and finally, preparing thethermosetting copper-clad plate by using the prepreg, the film and the copper foil. The thermosetting hydrocarbon polymer composition has excellent dielectric property, high mechanical strength, highglass-transition temperature and heat resistance, low thermal expansion coefficient, high copper foil peel strength, good performance uniformity and obvious cost advantage, and is suitable for manufacturing a multi-layer copper-clad plate. Therefore, the method has a good industrial production basis and a wide application prospect.