Key Takeaways: Singapore has blocked Polymarket, citing violations of its strict Gambling Control Act. The platform, classified as illegal gambling, faces penalties, including fines and imprisonment for violators. This action reflects Singapore's broader caution toward unregulated decentralized finance platforms globally. The Gambling Regulatory Authority of Singapore has ordered internet service providers to block access to…
Discover Polymarket’s Bitcoin predictions, with 30% confidence in $100K by year-end and 21% betting on $150K by March 2025. Explore what these trends mean for Bitcoin’s future. Polymarket's Wagering Activity Highlights Market SentimentParticipants on Polymarket, a decentralized prediction platform, are showing a modest 30% confidence that Bitcoin (BTC) will surpass the $100,000 threshold before the…
Shayne Coplan, Chief Executive Officer (CEO) at Polymarket faced an FBI crackdown after correctly predicting that Donald Trump would win the US 2024 presidential elections. To clarify, the FBI's scrutiny occurred on November 13, a few days after Trump's win. Notably, FBI operatives raided the CEO's official residence in Soho and seized Shayne Coplan's electronic…