Polymarket is a decentralized, blockchain-based platform for information markets, allowing users to trade the outcomes of real-world events.
Basically, it allows participants to express their opinions or predictions about various topics – such as politics, sports, finance, or world events – by buying or selling shares in the results of certain questions .
Singapore says 'No.' Singapore has joined the US, France, Taiwan, and others in restricting access to Polymarket.
- the site's homepage on X displays a notice from the Singapore Gaming Regulatory Authority (GRA) warning users that Polymarket is considered illegal and could face a $10,000 fine, 6 months in jail, or the both being on breakers.
- Singapore Pools, the state-owned lottery subsidiary which is the only licensed online gambling provider in Singapore, the notice says.
