According to Huoxun Finance, Indonesia's Ministry of Communications and Digital Affairs recently banned the prediction market platform Polymarket, deeming it an online gambling platform for offering betting on uncertain events, which violates local laws. Polymarket had previously launched a betting market on when Indonesian President Prabowo Subianto would step down, with his term originally scheduled to end in 2029. This betting platform went live the day after Prabowo announced plans to tighten controls on exports of commodities such as coal and palm oil, sparking discussion on local social media. Indonesian authorities also stated they are investigating all social media accounts associated with Polymarket.
The Indonesian government has banned the prediction market platform Polymarket, citing illegal online gambling.
2026-05-25 10:09:04
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