Singapore and Thailand have moved to block prediction markets platform Polymarket, adding to the regulatory hurdles facing the venue that surged in popularity during the US election.

The city-state's Gambling Regulatory Authority tells local ISPs to stop access to the leading prediction market.

Singapore and Thailand have moved to block the prediction markets platform Polymarket , adding to the regulatory hurdles facing the venue that surged in popularity during the US election.

Thailand has joined the growing list of countries cracking down on Polymarket, the crypto-powered prediction platform. Authorities announced plans to ban the platform, accusing it of “facilitating illegal online gambling.

Thailand plans to ban Polymarket, labeling it illegal online gambling. Singapore recently restricted the platform joining the USA and France.

Polymarket faces mounting pressure as global regulators probe it for handling multimillion-dollar political wagers.

Singapore blocked Polymarket, warning users that gambling with unlicensed providers can result in fines or jail time.