Indonesia blocks Polymarket, calling prediction market online gambling in disguise
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.
- ▪Indonesia's Ministry of Communication and Digital Affairs has blocked access to Polymarket, labeling it as online gambling under local law.
- ▪The ban is part of a broader crackdown on prediction markets in Asia, with India also restricting Polymarket.
- ▪Regulators in several jurisdictions have treated parts of Polymarket's business as gambling rather than financial-market activity.
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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…
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