#Singapore Locks Down Polymarket#

Singapore authorities have blocked prediction market platform Polymarket, citing alleged violations of the country's Gambling Control Act 2022. The Act prohibits betting with unlicensed operators, and Polymarket has not been licensed by Singapore authorities. Singapore users have reported being unable to access the Polymarket website, and believe this is part of the country's crackdown on online gambling sites. The Singapore government has been tightening regulations on online gambling in recent years, taking steps to prevent unlicensed gambling websites from operating. Polymarket allows users to make predictions on the outcomes of various events and trade in cryptocurrencies, which the Singapore authorities view as a form of gambling. Therefore, the Singapore government has taken action to block Polymarket to prevent its operation within the country.