Indonesia blocks Polymarket after bets on president’s exit
Indonesia blocked Polymarket after users bet on President Prabowo Subianto leaving office early, citing gambling concerns and expanding global scrutiny of prediction markets....
Key takeaways
- 1Indonesia blocked Polymarket, classifying it as illegal online gambling disguised as a prediction market platform.
- 2Polymarket's market on President Prabowo's early exit recorded $46,000 trading volume with 18% probability priced by end of 2026.
- 3Indonesia joins 30+ countries restricting Polymarket access amid global regulatory crackdown on prediction markets as gambling products.
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Why it matters
India already restricts Polymarket access, signaling potential stricter crypto regulation aligned with global anti-gambling stance. Regulatory classification of prediction markets as gambling rather than forecasting tools could impact crypto trading platforms and derivatives markets operating in India.
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