Indonesia Blocks Polymarket, Citing Online Gambling Concerns

Indonesia's Ministry of Communication and Digital has announced the blocking of the prediction market platform Polymarket, labeling it as an online gambling platform. According to Foresight News, the ministry stated that Polymarket's activities involve betting and speculation on uncertain events, which contravenes Indonesian law. The platform recently launched a betting market on when Indonesian President Prabowo Subianto would 'leave office,' drawing significant attention on Indonesian social media. Communication Ministry official Alexander Sabar noted that the government is scrutinizing all social media accounts associated with Polymarket.