Indonesia blocks Polymarket, calling prediction market online gambling in disguise
CoinDesk
Indonesia has banned the crypto-based prediction platform Polymarket, classifying its services as prohibited online gambling.Summary
Indonesia’s Ministry of Communication and Digital Affairs has blocked access to Polymarket, labeling the platform as a form of illegal online gambling. Officials asserted that wagering money on uncertain real-world outcomes constitutes gambling, regardless of the use of blockchain technology or crypto assets. The move is part of a broader trend of regulatory crackdowns across Asia, with authorities vowing to monitor and restrict similar services to protect citizens from financial loss and legal violations.
(Source：CoinDesk)