Indonesia Blocks Polymarket After Prabowo Ouster Bet

Indonesia's Communications and Digital Ministry blocked access to Polymarket on Friday after a bet on the possible early end of President Prabowo Subianto's tenure circulated widely on social media. The government classified the prediction market as a form of online gambling. The ministry stated that platforms facilitating wagers on specific event outcomes remain classified as gambling, even when packaged as "prediction markets."

Government Enforcement Action

The government will also track social media accounts promoting the platform, according to the ministry's statement. The classification reflects Indonesia's regulatory stance that prediction markets fall under gambling restrictions regardless of how they are branded or marketed to users.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments