Thailand Proposes Ban on Polymarket to Combat Illegal Gambling Risks

Quick Summary:

Thailand’s cybercrime authorities plan to propose banning Polymarket.

The decentralized prediction marketplace facilitates betting on global events using cryptocurrencies.

Authorities believe this may qualify as illegal online gambling under Thai law.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesBoliviaFranceSingaporeTaiwanThailandUnited StatesVenezuela

Topics: Polymarket Market News Cybercrime Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 12:28:42 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 33 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25179712

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 38 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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