Indonesia blocks Polymarket after president's exit bets
The ministry said Polymarket’s bets on Prabowo Subianto’s tenure violated gambling law and said it was reviewing the platform’s social media accounts.
- Indonesia blocked predictions market Polymarket on Monday as part of its crackdown on online gambling, days after the site took bets on a premature end of President Prabowo Subianto's presidency.
- Last week, Polymarket attracted social media attention in Indonesia after opening a bet on when Prabowo would be "out as president," launched May 21 the day after he announced plans to centralise control of coal and palm oil exports.
- Ministry of Communication and Digital Affairs official Alexander Sabar classified Polymarket as an online gambling platform whose activities "contain betting and speculation over events that are inconclusive," with the bet titled "Prabowo Subianto out as President of Indonesia by...?" speculating on May 31, June 30 or December 31.
- Sabar said Indonesia's government was combing social media accounts affiliated with Polymarket while urging the public "not to access or engage in speculative activities based on digital betting" to protect citizens.
- Polymarket operates in a multibillion-dollar prediction industry despite legal challenges from US states; Brazil similarly blocked the platform at the end of April, calling it "illegal" for non-compliance with local legislation.
21 Articles
21 Articles
Polymarket Banned in Indonesia After Bets on Prabowo’s Ouster
Indonesia blocked access to Polymarket, labeling the prediction-market a form of online gambling soon after a bet on the possible early end of President Prabowo Subianto’s tenure circulated widely on social media.
Indonesia has blocked access to Polymarket and labeled the prediction market a form of online gambling. This happened shortly after a bet on an early end to Prabowo Subianto's presidency spread via social media.
Indonesia blocks Polymarket over online gambling concerns after bets on president's exit
Indonesia has blocked predictions market Polymarket as part of its crackdown on online gambling, its communications and digital ministry said, days after the site took bets on a premature end of Prabowo Subianto’s presidency.
Indonesia Clamps Down on Polymarket Over President's Exit Bets
Indonesia blocked access to Polymarket after the prediction market platform hosted wagers on whether President Prabowo Subianto would leave office before the end of his term. The action, announced by Indonesia’s Ministry of Communication and Digital Affairs (Kominfo), described Polymarket as an “online gambling site disguised as a prediction market.” “The government will not allow any form of online gambling in Indonesia,” said ministry official…
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