Polymarket Banned in Singapore for Unlicensed Gambling - Crypto News
1 day ago · Singapore has blocked crypto-based prediction market Polymarket as part of its ongoing crackdown on unlicensed gambling platforms. On Jan. 12, users reported being unable to access the site. Alex Zuo, vice president of investment and custody at Cobo Global, shared on X that authorities officially classified Polymarket as a gambling site. Anyone ...
Singapore Imposes Ban on Polymarket Amid Online Gambling …
1 day ago · Singapore has officially restricted access to the prediction marketplace Polymarket, a significant step in its ongoing effort to combat unlicensed online gambling. This move is part of a broader ...
Singapore defines Polymarket as an illegal gambling site
1 day ago · As part of Singapore’s crackdown on unlicensed gambling platforms, the country has blocked access to crypto-based prediction firm, Polymarket. On 12 January, multiple users reported that they were unable to access Polymarket in Singapore, and those who do use it risk an SGD 10,000 penalty, six months in jail, or both.
Polymarket’s shutdown in Singapore increases pressure on …
1 day ago · Now Singapore has said enough. Officials in the Southeast Asian financial hub just blocked Polymarket from soliciting wagers, Kyle Baird reports. ‘Illegal gambling site’ When users try to access the platform, they’re greeted with a notice from the Gambling Regulatory Authority that says Polymarket is an “illegal gambling site operated by an unlicensed gambling services operator.”The ...
Singapore Blocks Access to Polymarket Over Gambling Law
1 day ago · Singapore's gambling regulator has blocked access to Polymarket, a controversial crypto predictions platform under scrutiny for its handling of U.S. election-related betting. Reports of users being denied access first emerged Sunday evening, with Alex Zuo, investments and custody vice president for Cobo, tweeting a screenshot of an official notice.
Singapore blocks access to Polymarket over unlicensed …
2 days ago · Singapore has blocked access to Polymarket, a cryptocurrency-based prediction market, as part of a crackdown on unlicensed gambling platforms. On Jan. 12, multiple users reported being unable to ...
Singapore Imposes Ban on Polymarket Amid Online
1 day ago · Crypto News Singapore Imposes Ban on Polymarket Amid Online Gambling Crackdown. By Decentralized Dog. 2m. ... (GRA) of Singapore informed users that Polymarket is deemed illegal. The notice warns that individuals found in violation could face penalties including fines of up to $10,000, imprisonment for up to six months, or both.
Singapore labels Polymarket illegal gambling, restricts site access ...
2 days ago · Singapore blocks Polymarket Singapore blocks access to crypto-betting platform Polymarket (Kyle Baird) The notice warns that gambling on unlicensed platforms may result in fines, jail time, or both. The block falls under the Gambling Control Act 2022, which mandates that all gambling operators targeting Singaporean residents obtain proper ...
Singapore Blocks Polymarket, Following Taiwan and France
1 day ago · Another jurisdiction has Polymarket in its crosshairs. Over the weekend, Singapore's Gambling Regulatory Authority (GRA) ordered local internet service providers to block access to the prediction ...
Singapore Cracks Down On Polymarket: Regulator Issues
1 day ago · Battling a legal soup in the U.S., controversial cryptocurrency-based betting platform Polymarket was refused access in another key financial market, Singapore, locals said on Sunday. "You have ...
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