{"id":777022024,"date":"2025-01-15T07:43:28","date_gmt":"2025-01-15T10:43:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022024"},"modified":"2026-04-22T02:42:02","modified_gmt":"2026-04-22T05:42:02","slug":"thailand-proposes-to-ban-polymarket","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/thailand-proposes-to-ban-polymarket","title":{"rendered":"Thailand proposes to ban Polymarket"},"content":{"rendered":"\n<p>Access to Polymarket has been restricted in several jurisdictions, including Singapore and Taiwan.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Thailand.- The <strong>Cyber Crime Investigation Bureau<\/strong> of Thailand plans to ban decentralised prediction marketplace <strong>Polymarket<\/strong>, as it may be deemed an online gambling website, which is illegal in the country.<\/p>\n\n\n\n<p>Thailand&#8217;s cybercrime authorities stated that suspending Polymarket is crucial to preventing the public from becoming victims of online gambling and to <strong>stop the use of cryptocurrency for illegal activities<\/strong>. The police did not specify the timeline of a potential shutdown.<\/p>\n\n\n\n<p>The cyber police said that the website facilitates betting on global events through cryptocurrencies, which would fall under illegal online gambling in the country.<\/p>\n\n\n\n<p>Access to Polymarket has been restricted in several jurisdictions, including Singapore Taiwan, and the Us. Earlier this week,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/singapores-gra-orders-block-of-polymarket\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/singapores-gra-orders-block-of-polymarket\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore&#8217;s\u00a0Gambling Regulatory Authority\u00a0(GRA)<\/a> ordered local internet service providers to restrict access to the prediction market platform. The regulator argued the crypto prediction platform is \u201can illegal gambling site operated by an unlicensed gambling service provider\u201d.<\/p>\n\n\n\n<p><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Access to Polymarket has been restricted in several jurisdictions, including Singapore and Taiwan.<\/p>\n","protected":false},"author":226,"featured_media":777014599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Thailand's Cyber Crime Investigation Bureau plans to ban the decentralized prediction marketplace Polymarket, classifying it as an illegal online gambling platform facilitating cryptocurrency betting. This action follows similar restrictions imposed by Singapore's Gambling Regulatory Authority, Taiwan, and the US, citing Polymarket as an unlicensed gambling service provider. The move underscores a growing global regulatory scrutiny on crypto-based prediction markets.","focusai_entities":"Polymarket, Cyber Crime Investigation Bureau of Thailand, Gambling Regulatory Authority (GRA)","focusai_location":"Thailand, Singapore, Taiwan, US","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Precedent Impact","query":"What specific legal frameworks are regulators in Thailand and Singapore leveraging to classify decentralized prediction markets as illegal gambling, and what precedent does this set for other blockchain-based iGaming verticals?"},{"label":"Crypto Gambling Future","query":"How will the increasing global regulatory scrutiny on platforms like Polymarket impact the development and market adoption of cryptocurrency-based gambling and prediction market solutions within regulated jurisdictions?"}],"footnotes":""},"categories":[439,16333],"tags":[342],"class_list":["post-777022024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-thailand"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777022024"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022024\/revisions"}],"predecessor-version":[{"id":777022032,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022024\/revisions\/777022032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014599"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}