Singaporean regulatory authorities declared a US-based cryptocurrency-based prediction market as an illegal gambling site, leading to the imposition of a ban on the website. Users of the crypto-based betting platform Polymarket can no longer access the website since Singapore classified it as an “unlicensed online gambling operator,” violating the country’s stringent gambling law. Singapore Bans Polymarket Singapore’s Gambling Regulatory Authority implemented the ban on January 12, stopping access to the crypto-based prediction market site. “Polymarket is officially defined as a gambling website in Singapore,” crypto custody solutions provider Cobo Global…
