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Singapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms Bitcoin.com 15 Jan 2025

Singapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms 🇸🇬

Singapore's Gambling Regulatory Authority (GRA) has taken action against Polymarket by blocking access to the platform, which is considered an online gambling site under Singaporean law.

This move is part of a wider effort to regulate unlicensed gambling services, with violators facing severe penalties, including hefty fines or imprisonment.

Source: news.bitcoin.com ↗