Singapore has become the latest jurisdiction to take action against Polymarket. The country's Gambling Regulatory Authority recently directed local internet service providers to restrict access to the prediction market platform, as reported by users within the city-state. According to a message displayed to users, 'You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider.' This warning also cautions that individuals found guilty of engaging with unlicensed service providers may face a fine of up to SGD 10,000 or a prison sentence of up to six months.
Although the GRA has not publicly announced this move, nor has it initiated enforcement actions against Polymarket, the platform's status as a blocked entity is clear. Earlier, Taiwan had taken similar measures, blocking its citizens from using Polymarket and even arresting 17 individuals for betting on the country's presidential election, which is explicitly prohibited by local election laws.
France has also targeted Polymarket, with the platform subsequently blocking French users. Meanwhile, in the United States, the Commodity Futures Trading Commission has subpoenaed Coinbase as part of an ongoing investigation into U.S. nationals trading on Polymarket.