🚨 Singapore Blocks Crypto Prediction Market Polymarket 🚨
🇸🇬 As part of its crackdown on unlicensed gambling platforms, Singapore has officially classified Polymarket as a gambling site. Users reported being unable to access the platform as of Jan. 12.
💡 Alex Zuo, VP of Investment at Cobo Global, confirmed on X that anyone placing bets must use state-authorized operators to avoid hefty fines or imprisonment.
🔒 This serves as a critical reminder for crypto users to operate within regulatory guidelines and ensure compliance with local laws.