#Singapore Locks Down Polymarket#
Hot Topic Overview
Overview
Singapore authorities have blocked 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 obtained a license from the Singapore authorities. Reports suggest that Singaporean users are unable to access Polymarket, and the platform is no longer offering services in Singapore. This move is part of Singapore’s efforts to crack down on online gambling websites, aimed at protecting public interests.
Ace Hot Topic Analysis
Analysis
Singapore authorities have blocked prediction market platform Polymarket, alleging it violated the country’s Gambling Control Act 2022. The act prohibits betting with unlicensed operators, and Polymarket did not have a license from Singapore authorities. Users reported being unable to access the Polymarket website, indicating that Singapore authorities have taken steps to block access to the platform. This move is part of the Singapore government’s ongoing crackdown on online gambling websites nationwide.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Singapore
block
Polymarket
is
to
crack
down
on
unlicensed
gambling
,
Singapore
government
believes
Polymarket
violated
the
Gambling
Control
Act
2022
,
Singapore
is
cracking
down
on
online
gambling
websites
nationwide
,
Polymarket
was
blocked
because
it
did
not
obtain
permission
from
the
Singapore
government