#Singapore Locks Down Polymarket Market#

Singapore authorities have recently blocked prediction market platform Polymarket, citing violations of the country's ** Gambling Control Act 2022 **. The Act prohibits betting with unlicensed operators, and Polymarket does not hold a gambling license in Singapore. Singaporean users have reported being unable to access the Polymarket website, attributing the blockage to the Act. This incident reflects the Singaporean government's strict regulatory stance on online gambling and its crackdown on unlicensed gambling platforms. Singaporean authorities are undertaking a nationwide effort to combat online gambling websites, with the Polymarket blocking being just one example.