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Recent actions, such as blocking access to prediction markets like Polymarket in early 2025, highlight the GRA's aggressive enforcement against unauthorized crypto gambling. Cryptocurrencies themselves are legal but fall into a regulatory gray area for betting, with no explicit allowance for their use in wagers—even at licensed land-based casinos like Marina Bay Sands. Winnings from illegal gambling are not protected under Singapore law, and there's no tax on gambling profits, but participation carries personal risk. This information is for educational purposes only; consult local authorities for advice.