Singapore authorities’ Polymarket block fails to stop local wagering
Singapore-focused wagers reportedly continued on Polymarket despite the platform being blocked in the country since December 2024. Local media reports said average daily stakes on April temperature markets exceeded $100,000, while the Gambling Regulatory Authority, Infocomm Media Development Authority and Singapore Police Force said cryptocurrency and decentralised systems made user locations and identities difficult to establish.
Operators and regulators face continued enforcement challenges as Singapore-focused betting reportedly persists on a blocked offshore platform.