<ul><li>Singapore has officially banned the operation of crypto prediction platform Polymarket.</li><li>The Monetary Authority of Singapore (MAS) cited the lack of necessary licenses under the Payment Services Act as the main reason for the ban.</li><li>MAS highlighted risks such as AML and counter-terrorism financing risks, as well as the lack of recourse for disputes.</li><li>The ban is expected to have a substantial impact on Polymarket's operations in Asia.</li></ul>

Why Has Singapore’s MAS Banned Crypto Prediction Platform Polymarket?

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