Singapore has blocked access to Polymarket as part of its fight against unlicensed online betting. Offenders may be fined up to $10,000 or sentenced to 6 months in prison. The only legal online betting operator in the country remains Singapore Pools. This restriction is part of a large-scale campaign against illegal gambling, during which $37 million in transactions were blocked. Political betting on Polymarket is also restricted in other countries, including Taiwan, France, and the United States.
1/13/2025 11:47:59 AM (GMT+1)
Singapore has blocked access to Polymarket, urging users to take responsibility for participating in unlicensed online betting, with fines of up to $10,000 and prison terms of up to 6 months ⏳
127
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Ripple receives the first regional license from the Dubai Financial Services Authority to provide regulated crypto payments and services in the Dubai International Financial Centre
Nigeria receives $60 million from confiscated US assets after Tigran Gambaryan’s release, strengthening cooperation in the fight against corruption and financial crimes
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining
The court dismisses the lawsuit against DOGE by Elon Musk, allowing access to data from the U.S. Department of Treasury despite concerns about leaks of confidential information
OKX receives the MiFID II license to launch derivative products in Europe, expanding offerings for institutional clients and highlighting commitment to strict regulatory standards
