Singaporean regulatory authorities declared a US-based cryptocurrency-based prediction market as an illegal gambling site, leading to the imposition of a ban on the website. Users of the crypto-based betting platform Polymarket can no longer access the website since Singapore classified it as an “unlicensed online gambling operator,” violating the country’s stringent gambling law. Related Reading: […]
Blockchain casino project Mpeppe launched a claim portal for users to receive 25% of tokens owed, but users say they can’t sell because there is no liquidity.
The dangers of money laundering and other associated crimes have Singaporean authorities stopping the use of crypto for gambling. Related Reading: US Congress Tackles DeFi—What’s The White House’s Position? Singapore’s parliament has passed amendments to the Casino Control Act, designed to further enhance the effectiveness of the country’s casino regulatory regime and its safeguards for […]