Singapore's Gambling Regulatory Authority (GRA) has ordered local Internet Service Providers to block access to Polymarket, a prediction market platform. This action follows similar moves by Taiwan and France, which have cited local gambling laws as the reason for restricting the platform. Users attempting to access Polymarket in Singapore receive a warning stating that the site is an illegal gambling platform without the necessary license, with penalties that can include fines up to SGD 10,000 (approximately $7,200) or jail time up to six months. While Taiwan was the first to block Polymarket, citing laws against betting on elections, France has also taken steps to restrict access for its users. Meanwhile, the U.S. Commodity Futures Trading Commission is reportedly seeking information regarding U.S. nationals trading on Polymarket as part of its regulatory oversight.

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