Indonesia Blocks Polymarket After Bets on President's Exit

The Indonesian Ministry of Communication and Digital Affairs has blocked access to the prediction market platform Polymarket, categorizing it as an illegal online gambling service. The move follows the emergence of markets on the platform allowing users to bet on whether Indonesian President Prabowo Subianto would leave office before his term ends in 2029. Government officials emphasized that such speculation violates local laws and expressed concerns about protecting the public from gambling risks. This action aligns with increasing global scrutiny of prediction markets, which face similar restrictions in over 30 other jurisdictions despite arguments that they serve as valuable forecasting tools.

(Source：Cointelegraph)