Govt blocks prediction market Polymarket amid bet on Prabowo’s presidency - Politics - The Jakarta Post

Govt blocks prediction market Polymarket amid bet on Prabowo’s presidency - Politics - The Jakarta Post

Indonesia has blocked Polymarket, classifying it as illegal online gambling, after a widely-shared bet on President Prabowo's potential ouster surfaced on social media. For tech and compliance teams operating in Southeast Asia, this signals that blockchain-based prediction markets face the same regulatory treatment as traditional gambling platforms — jurisdictional risk assessment is non-negotiable before any deployment in the region.