Making the wrong bet: Indonesia blocks Polymarket over online gambling concerns after wagers on president’s exit
Malay Mail
Indonesia has blocked the prediction platform Polymarket due to online gambling concerns following bets on President Prabowo Subianto's premature exit.Summary
Indonesia has blocked the prediction market Polymarket, classifying it as an online gambling platform that violates local laws. The move comes days after the site took bets on the premature end of President Prabowo Subianto's term, which is set to expire in 2029. The wager was launched on May 21, the day after Prabowo announced a plan to centralize control of Indonesia's key commodity exports. The government is also investigating social media accounts affiliated with Polymarket. While prediction platforms like Polymarket operate as a multibillion-dollar industry allowing users to profit from predictions on events, some opponents, including certain US states, argue they are illegal and unlicensed under local laws.
(Source：Malay Mail)