#Singapore Locks Down Polymarket#
Hot Topic Overview
Overview
Singaporean authorities recently blocked prediction market platform Polymarket, alleging it violated the country's Gambling Control Act 2022. The act prohibits wagering with unlicensed operators, and Polymarket did not have a license from Singaporean authorities. The blocking of Polymarket is part of a wider crackdown on online gambling sites across the country.
Ace Hot Topic Analysis
Analysis
Singaporean authorities have recently blocked the prediction market platform Polymarket, alleging that it violated the country's Gambling Control Act 2022. The Act prohibits betting with unlicensed operators, and Polymarket has not been granted a license by Singaporean authorities. Singaporean users have reported being unable to access Polymarket and attribute the blockage to the Act. This incident reflects the Singaporean government's strict regulatory approach to online gambling and its crackdown on unlicensed gambling platforms. Singaporean authorities are pursuing a nationwide crackdown on online gambling websites, and Polymarket is just one platform that has been blocked.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Singapore
lockdown
Polymarket
is
to
prevent
unlicensed
gambling
,
Singapore
's
Gambling
Control
Act
2022
prohibits
betting
with
unlicensed
operators
,
Polymarket
is
considered
an
unlicensed
gambling
operator
,
Singapore
is
cracking
down
on
online
gambling
websites
nationwide