Singapore formally banned prediction market provider Polymarket in 2024, but that hasn’t stopped punters from finding ways to access the platform.
In December 2024, Singapore officially banned the prediction market platform Polymarket, calling it an unregulated gambling site.
Users trying to access Polymarket were informed that they were acting in violation of the Gambling Regulatory Authority (GRA). Penalties included fines of up to SG10,000, six months in jail or both.
Residents of Singapore may legally gamble via Singapore Pools, a state-sanctioned portal offering lotteries, sports betting and horse race betting. However, the republic has detected a surge in wagers on Polymarket. While some are related to sports, like…
