Authorities warn that \u201cno blocking method is foolproof\u201d.<\/p>\n\n\n\n\n\n\n\n
Singapore.- Authorities are acknowledging the limits of their ability to fully curb unauthorised online wagering as activity on the prediction market Polymarket continues to grow after being blocked. According to The Straits Times, betting volumes linked to Singapore have risen in recent weeks, particularly around markets tied to the country\u2019s daily temperature. <\/p>\n\n\n\n
Since mid-March, users have been purchasing \u201cyes\u201d or \u201cno\u201d positions on whether specific temperature thresholds will be reached, with daily wagering in April exceeding US$100,000 on average. On April 17 alone, nearly US$125,000 was staked.<\/p>\n\n\n\n
Singapore\u2019s authorities stressed the structural challenges involved in enforcement, stating that \u201cno blocking method is foolproof.\u201d Although access to the platform has been restricted since late 2024, officials noted that users continue to bypass controls through alternative means, such as virtual private networks, while third-party services can facilitate participation from restricted jurisdictions.<\/p>\n\n\n\n
Authorities reiterated that Singapore Pools remains the only licensed operator permitted to offer remote gambling services in the country, and that any other platform enabling bets on event outcomes is considered unlawful. They warned that individuals who \u201cdeliberately circumvent the Government\u2019s blocking measures do so at their own risk\u201d, adding that offenders may face fines, imprisonment of up to six months or both under the Gambling Control Act.<\/p>\n\n\n
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