Singapore Blocks Access to Polymarket Over Illegal Gambling Laws

The Gambling Regulatory Authority has classified the crypto-based prediction platform as unlicensed, enforcing penalties for users who attempt to access it.

Singapore's Gambling Regulatory Authority (GRA) has ordered internet service providers to block access to Polymarket, labeling it as an illegal gambling platform.
Users attempting to access the site are met with warnings of fines up to SGD 10,000 or six months imprisonment under the Gambling Control Act 2022.
The crackdown is part of a broader effort by Singapore to regulate unlicensed gambling, with access to over 3,800 platforms reportedly restricted recently.
Polymarket has faced regulatory scrutiny in multiple jurisdictions, including the United States, France, and Taiwan, where similar blocks and legal actions have been enforced.
The U.S. Commodity Futures Trading Commission (CFTC) recently subpoenaed Coinbase for customer information related to Polymarket, adding to the platform's ongoing legal challenges.