Why Has Singapore’s MAS Banned Crypto Prediction Platform Polymarket? 🇸🇬
Singapore has officially banned Polymarket as of January 13, 2025. Polymarket, known for its crypto-based prediction platforms, is now unable to operate in the country. The sudden move by Singapore's Monetary Authority (MAS) has created significant ripples across the crypto prediction market. Polymarket has been a notable player in the space, making its mark with innovative prediction models powered by cryptocurrency. The reason behind the ban is currently under wraps, leaving industry insiders and users guessing about future regulatory motives. The decision reinforces Singapore's cautious approach to crypto platforms, hinting at potential regulatory challenges ahead.
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