Singapore Cracks Down On Polymarket: Regulator Issues Warning Against ‘Illegal Gambling’

Battling a legal soup in the U.S., controversial cryptocurrency-based betting platform Polymarket was refused access in another key financial market, Singapore, locals said on Sunday.

What happened: Alex Zuo, investments and custody vice president of cryptocurrency wallet provider Cobo, posted a snippet of an official notice that Singaporeans trying to use the platform were receiving.

“You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider,” the notice read. 

The message was from …

Full story available on Benzinga.com