Indonesia Expands Crypto Betting Crackdown After Polymarket Ban
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Indonesia has blocked access to Polymarket after its Digital Space Oversight division concluded the crypto-based prediction market operates as online gambling and violates national gambling laws. Authorities said they will trace Polymarket-linked accounts and monitor similar DeFi and prediction market platforms, signaling a regulatory crackdown that raises legal and adoption risks for crypto prediction markets and related DEX/CEX services in Indonesia.
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- Indonesia blocked Polymarket and labelled the platform as an online gambling activity.
- Authorities said crypto-based prediction markets violate Indonesia’s gambling laws.
- Indonesia is tracing Polymarket-linked accounts and monitoring similar platforms.
Indonesia has blocked access to the crypto-based prediction market platform Polymarket after authorities concluded that the service violated the country’s online gambling laws. The decision was announced by the country’s Ministry of Communication and Information Technology through its Digital Space Oversight division, which stated that the platform enabled speculative betting on uncertain outcomes despite operating under a prediction-market structure.
According to local reports, the ministry said the restrictions were part of its efforts to prevent online gambling and protect digital users, particularly younger i…
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