<ul><li>Singapore has banned Polymarket, a prediction market on the blockchain, citing it as an unregulated gambling site.</li><li>The ban is in line with Singapore's efforts to crack down on online gambling and enforce strict regulations.</li><li>Violators of the ban may face penalties of up to SG$10,000 and imprisonment of up to six months.</li><li>Polymarket has faced previous regulatory issues, including a $1.4 million fine from the US CFTC for operating an unregulated derivatives trading platform.</li></ul>

Singapore Blocks Polymarket Citing Unlicensed Gambling Operations

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