Singapore, Thailand Move to Block Crypto Betting Site Polymarket

Singapore and Thailand have moved to block prediction markets platform Polymarket, adding to the regulatory hurdles facing the venue that surged in popularity during the US election.

Singapore’s Gambling Regulatory Authority blocked access to Polymarket in December as it was deemed to be providing unlawful gambling, a spokesperson said in a statement on Wednesday. Users on social media reported losing access to the site over the weekend.

In Thailand, law enforcement is preparing to propose a similar ban, local police said in a press conference on Tuesday. Polymarket was found to be offering illegal online gambling in the country because ...