Indonesia has blocked the prediction market Polymarket. This action is part of a wider crackdown on online gambling. Polymarket was reportedly taking bets on the premature end of President Prabowo Subianto's term. Indonesian authorities classify Polymarket as an online gambling platform. The ministry stated its activities violate Indonesian law. Polymarket has expressed a commitment to engaging with Indonesian authorities.

Without mentioning the bet on the President, the Communications and Digital Ministry categorized Polymarket as an online gambling site for facilitating money-based betting on…

JAKARTA, May 25 — Indonesia has blocked predictions market Polymarket as part of its crackdown on online gambling, its communications and digital ministry said, days after the...