#Thailand bans Polymarket#
Hot Topic Overview
Overview
Thai authorities are taking action to block the decentralized prediction market Polymarket, citing that its services constitute illegal online gambling. Thai police stated that Polymarket utilizes cryptocurrency for trading and betting, which violates the country's legal regulations. Currently, Thai police are preparing to propose a ban similar to Singapore's against Polymarket.
Ace Hot Topic Analysis
Analysis
Thai police are seeking to ban prediction market platform Polymarket, citing its services as illegal online gambling. Police said Polymarket uses cryptocurrency for trading and betting, which is considered illegal in Thailand. This move mirrors a previous ban on Polymarket by Singapore. Thai authorities believe Polymarket’s operating model falls under illegal online gambling, hence the ban.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Polymarket provides illegal online gambling services in Thailand
Polymarket uses cryptocurrency for trading and betting, violating Thai law
Thai police will follow Singapore's lead and ban Polymarket
Thai authorities believe Polymarket's operations constitute illegal online gambling