Singapore has officially banned Polymarket, labeling it an illegal gambling platform. The government’s decision came down on January 12, cutting off access to the crypto-based prediction market.
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Thailand has joined the growing list of countries cracking down on Polymarket, the crypto-powered prediction platform. Authorities announced plans to ban the platform, accusing it of “facilitating ...
Singapore and Thailand have moved to block the prediction markets platform Polymarket , adding to the regulatory hurdles facing the venue that surged in popularity during the US election.
Singapore and Thailand have moved to block prediction markets platform Polymarket, adding to the regulatory hurdles facing the venue that surged in popularity during the US election. Singapore’s ...
Thailand’s law enforcement agency announced they planned to ban Polymarket. The authorities added the gambling website exposed consumers to illegal activities.
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Thailand intends to ban Polymarket over worries about unlawful gambling and cryptocurrency use in online betting.
Thailand moves to block Polymarket over crypto gambling concerns but explores Bitcoin ETFs, aiming to balance regulation and innovation.
Polymarket traders use crypto to place wagers on the site, buying “yes” or “no” shares on the outcomes of closely watched events. Betting on the US election caused demand to skyrocket.