July 31, 2025
11 11 11 AM
Latest Post
Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, But Crypto AI Tokens Fail to Follow Trump’s Top Crypto Guys: U.S. DeFi Will Thrive, Assures Bitcoin Reserve Is Coming Trump White House releases long-promised crypto report Crypto Bulls Get Hit With $200M in Liquidations as Powell Rattles Market With Fed Warning Samourai Wallet Devs Plead Guilty to Conspiring to Run Unlicensed Money Transmitter Robinhood Q2 Earnings Beat Expectations as Crypto Volumes Climb and Bitstamp Deal Pays Off Jury Set to Begin Deliberations as Roman Storm’s Money Laundering Trial Draws to Close Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks Fed Holds Rates Steady as Expected, but Two Dissent From Decision Trump’s crypto working group pushes for clearer rules as adoption grows

Singapore Blocks Polymarket, Following Taiwan and France

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 market platform, according to reports from users in the city-state.

“You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider,” the announcement reads, warning that those found guilty of gambling with unlicensed service providers are liable for a fine of up to SGD 10,000 ($7200) or a jail sentence of up to 6 months.

The GRA has yet to make a public announcement on the issue, nor have they launched an enforcement action against Polymarket according to a public directory.

Taiwan was the first jurisdiction to actively block its nationals from using the prediction market platform, and local law enforcement arrested 17 people on the island for betting on its most recent presidential election.

Local Taiwanese election law specifically prohibits betting on the outcome of elections.

Polymarket has also been the target of gaming authorities in France, and has blocked users in the country from accessing the platform.

Recently, the U.S. Commodity Futures Trading Commission subpoenaed Coinbase looking for information about U.S. nationals trading on Polymarket as part of an ongoing investigation.

This post was originally published on this site

Please enter Coingecko Free Api Key to get this plugin works