Is Polymarket legal in Singapore?
No. Singapore is on Polymarket's list of restricted countries with a close-only status. This means Singaporean users can close existing positions but cannot open new trades.
Although Polymarket is restricted in Singapore, some Singaporean users access the full platform by using a VPN. A VPN changes your apparent location, making it look like you're connecting from a non-restricted country. This violates Polymarket's Terms of Service, and accounts could be restricted if detected.
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Why is Polymarket restricted in Singapore?
The Monetary Authority of Singapore (MAS) has taken a strict approach to crypto and gambling platforms. Singapore's Remote Gambling Act prohibits offering online gambling to Singapore residents without a license. MAS has added Polymarket to its Investor Alert List, warning consumers about dealing with unregulated platforms.
What does close-only mean?
If you already had open positions before Singapore was restricted, you can still close them and withdraw your funds. You just can't open any new trades.
Alternatives for Singaporean users
Singapore has a tightly regulated financial market. No prediction market platforms are currently licensed to operate in the country. Some traditional brokerages may offer structured products with similar characteristics.
Learn about prediction markets: read our guide.
