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.

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.

Thai authorities noted the decentralized prediction marketplace’s operations fall under illegal online gambling, which is banned.

Thailand investigates Polymarket, labeling it illegal due to cryptocurrency gambling as regulatory actions aim to ban site.

Thailand’s law enforcement agency announced they planned to ban Polymarket. The authorities added the gambling website exposed consumers to illegal activities.

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

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