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Indonesia blocks Polymarket, calling prediction market online gambling in disguise

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Indonesia blocks Polymarket, calling prediction market online gambling in disguise
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Indonesia has blocked the crypto prediction market Polymarket, categorizing it as illegal online gambling. Authorities argue that the use of crypto or blockchain does not exempt platforms that allow users to wager on uncertain outcomes from being classified as gambling products. This ban is part of a wider crackdown on prediction markets across Asia, with similar restrictions being implemented in countries like India.

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Original publisherCoinDesk
Canonical URLhttps://www.coindesk.com/policy/2026/05/25/indonesia-blocks-polymarket-calling-prediction-market-online-gambling-in-disguise
Publication timeMon, 25 May 2026 17:04:49 +0000
Retrieval time2026-05-25T17:07:38.860Z
Last seen2026-05-25T17:07:38.860Z
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ClusterX3aZ1Vvguoj1
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Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
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Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailIndonesia blocks Polymarket, calling prediction market online gambling in disguiseAuthorities stated that using crypto or blockchain doesn't change platforms that let users wager on uncertain outcomes from being gambling products.By Francisco Rodrigues, AI Boost|Edited by Aoyon Ashraf May 25, 2026, 5:04 p.m. 2 min readMake preferred on What to know: Indonesia blocked the crypto prediction market Polymarket, classifying it as illegal online gambling under local law.Authorities stated that using crypto or blockchain doesn't change platforms that let users wager on uncertain outcomes from being gambling products.Indonesia's ban is part of a broader crackdown on prediction markets in Asia, with India also restricting…

Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.

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