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Polymarket's official website is blocked in Vietnam
The Polymarket prediction trading platform has recently faced a decision to block its official website by Vietnamese authorities. According to a recent announcement, the Department of Cybersecurity and High-Tech Crime Prevention (under the Ministry of Public Security) has confirmed the illegal nature of this platform within Vietnamese territory.
Ministry of Public Security Recognizes Polymarket as an Illegal Gambling Platform
According to the official decision, Polymarket has been identified as an illegal gambling platform operating unlawfully. Access to this website is now completely blocked, and any users attempting to bypass the warning notice will receive a final warning from the Ministry of Public Security. Authorities will record access history and proceed with legal actions in accordance with current laws.
Legal Consequences for Users Violating Access Bans
Individuals who deliberately attempt to access this blocked platform will face enforcement measures from the state. The Ministry of Public Security has clearly warned that all unauthorized access attempts will be logged and used as a basis for further legal proceedings.
International Trend: Polymarket Blocked in Over 30 Countries
The blocking of Polymarket in Vietnam is not an isolated case. The platform has also faced bans or access restrictions in many other countries worldwide, including over 30 nations. European countries such as France, Germany, the UK, Italy, Poland, and Belgium, along with regions like Iran, have issued similar website bans due to concerns over the legality of their trading activities.
Cryptocurrency Market Continues to Fluctuate
In this context, cryptocurrency prices continue to change. Currently, Sentient (SENT) is trading at $0.03, down 4.53% in the past 24 hours. Zama (ZAMA) is valued at $0.03 with a slight increase of 1.84%, while Fogo (FOGO) is trading at $0.02, down 3.49%. These price fluctuations reflect market instability as international regulations continue to tighten.