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.

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.

Polymarket faces proposed bans in Thailand and Singapore due to allegations of facilitating illegal online gambling through cryptocurrency. The platform has also been scrutinized in Taiwan, France, and the United States for similar reasons.

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

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