<ul><li>The esports betting market in Singapore has reached $601.27 million in 2024, with 700,000 local followers.</li><li>Singapore is a key esports hub hosting major events, but the betting landscape is tightly controlled.</li><li>Strict gambling oversight in Singapore allows only two authorized companies, none offering esports betting.</li><li>Esports betting is forbidden in Singapore due to concerns of crime and exploitation, despite its global growth.</li><li>The Remote Gambling Act enforces strict regulations, making most remote gambling activities illegal.</li><li>Penalties for illegal betting in Singapore range from fines to imprisonment, targeting operators, agents, and bettors.</li><li>Singapore Pools and Singapore Turf Club are exempt operators but do not offer esports betting services.</li><li>Gambling laws in Singapore lead to severe consequences for those participating in illegal betting activities.</li><li>Authorities monitor and block illegal gambling websites, also seizing assets used for unlawful betting.</li><li>Safe betting alternatives like VPNs, UK-regulated platforms, or cross-border betting come with significant legal risks.</li></ul>

Singapore Esports Betting: What Local Players Must Know First

Discover more