Singapore and Thailand have moved to block prediction markets platform Polymarket, adding to the regulatory hurdles facing the venue that surged in popularity during the US election.

The city-state's Gambling Regulatory Authority tells local ISPs to stop access to the leading prediction market.

Singapore has officially banned Polymarket, labeling it an illegal gambling platform. The government’s decision came down on January 12, cutting off access to the crypto-based prediction market. The platform,

Singapore has blocked access to the crypto-betting platform Polymarket. Users accessing the platform face a $10,000 fine or up to six months in jail. France,

Singapore's gambling regulator has blocked access to Polymarket, marking another hurdle for the platform amid increasing regulatory scrutiny.

Polymarket faces mounting pressure as global regulators probe it for handling multimillion-dollar political wagers.

Singapore blocked Polymarket, warning users that gambling with unlicensed providers can result in fines or jail time.

Singapore’s gambling regulator has banned prediction marketplace Polymarket, defining it as an “illegal gambling site.”

Singapore bans Polymarket, classifying it as an illegal gambling site, with penalties for users engaging with unlicensed operators

Singapore joins France and Taiwan in blocking Polymarket in an effort to crack down on unlicensed online gambling platforms.