Indonesia has blocked access to the prediction market platform Polymarket, citing violations of national gambling laws. The Ministry of Communication and Digital Affairs, known as Komdigi, announced the restriction after Polymarket hosted a market allowing bets on President Prabowo Subianto's potential early departure from office. The market, which generated over $46,000 in trading volume, was deemed an online gambling service by the ministry. The decision aims to protect the public, especially younger internet users, from gambling-related activities. This move aligns with a broader global trend of increased regulatory scrutiny on platforms like Polymarket, which are often viewed as gambling services despite claims of providing valuable forecasting tools. The block reflects Indonesia's strict stance against online gambling and its commitment to enforcing national laws.
Indonesia Blocks Polymarket Over Presidential Betting
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