#Singapore locks down Polymarket market#
Hot Topic Overview
Overview
The Singapore government has blocked prediction market platform Polymarket over concerns about unlicensed gambling. Singapore users claim that Polymarket has been blocked due to the ** Gambling Control Act 2022 **, which prohibits betting with unlicensed operators. This is consistent with Singapore's nationwide crackdown on online gambling sites.
Ace Hot Topic Analysis
Analysis
Singapore authorities have blocked prediction market platform Polymarket, alleging that it violated the Gambling Control Act 2022. Singaporean users have reported being unable to access Polymarket, citing the Act's prohibition of betting with unlicensed operators. The Singaporean government is cracking down on online gambling websites across the country, with Polymarket being the latest platform to be blocked. This incident demonstrates the Singaporean government's tough stance against unlicensed gambling activities, emphasizing its commitment to safeguarding its citizens from the harms of gambling.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Singapore
block
Polymarket
market
is
due
to
concerns
about
unlicensed
gambling
,
Singapore
government
cite
the
Gambling
Control
Act
2022
to
prohibit
betting
with
unlicensed
operators
,
Polymarket
was
blocked
because
it
was
considered
an
unlicensed
gambling
platform
,
Singapore
government
is
cracking
down
on
online
gambling
websites
nationwide