<ul><li>Singaporean regulatory authorities have declared Polymarket, a US-based cryptocurrency-based prediction market, as an illegal gambling site.</li><li>The ban on Polymarket was implemented by Singapore's Gambling Regulatory Authority on January 12.</li><li>Polymarket allows users to bet on various topics, but Singapore classified it as an unlicensed online gambling operator.</li><li>Accessing unlicensed gambling platforms in Singapore can result in fines and imprisonment.</li></ul>

Sinagapore Bans Crypto-Based Prediction Platform Polymarket

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