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Singapore blocks Polymarket, calls it an “illegal gambling site”

Singapore’s regulator said Singapore Pools is the only licensed gambling operator in the country Anyone who uses an unlicensed gambling service is liable to face a fine of up to $10,000, six months in jail, or both Other countries that have restricted access to Polymarket include France, Taiwan, and the US Singapore’s gambling regulator has […] The post Singapore blocks Polymarket, calls it an “illegal gambling site” appeared first on CoinJournal. дальше »

2025-1-14 14:23


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Singapore blocks access to crypto prediction platform Polymarket

Singapore’s gambling regulator has blocked access to Polymarket, a controversial crypto predictions platform, marking another hurdle for the platform amid increasing regulatory scrutiny. The Gambling Regulatory Authority (GRA) of Singapore has flagged Polymarket as an “illegal gambling site” operated by an unlicensed provider. дальше »

2025-1-13 07:15


Singapore Bans Use Of Crypto In Gambling To Curb Illicit Activity

The dangers of money laundering and other associated crimes have Singaporean authorities stopping the use of crypto for gambling. Related Reading: US Congress Tackles DeFi—What’s The White House’s Position? Singapore’s parliament has passed amendments to the Casino Control Act, designed to further enhance the effectiveness of the country’s casino regulatory regime and its safeguards for […] дальше »

2024-9-12 03:30