Polymarket Under Fire: Singapore Investigates Alleged Gambling Violations

Polymarket Under Fire: Gambling Regulatory Authority Bans Polymarket Access in Singapore

Polymarket is under investigation by another jurisdiction. Users in the city-state said that the Gambling Regulatory Authority (GRA) of Singapore forced local ISPs to prohibit access to the prediction market platform over the weekend.

You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider,

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An SGD 10,000 ($7200) fine or a jail term of up to six months is imposed on anyone found guilty of gambling with illegal service providers. According to a public directory, the GRA has not yet issued a statement regarding the matter or initiated an enforcement action against Polymarket.

Polymarket Faces Global Scrutiny: Taiwan Arrests 17 for Election Betting

The first government to proactively prohibit its citizens from utilizing the prediction market website was Taiwan, where local police detained 17 individuals for placing bets on the country’s most recent presidential election. Betting on election results is expressly forbidden by local Taiwanese election legislation. Additionally, French gaming authorities have targeted Polymarket and barred access to the platform for its players.

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