Indonesia Bans Polymarket After Site Offers Bets on President’s Ouster
New Delhi ( The Indian View team) : Indonesia has blocked the online prediction market Polymarket, just days after the site set up a betting market on whether President Prabowo Subianto would be removed from office before the end of his term.
In a statement issued recently, the Communications and Digital Ministry said that it had restricted access to the platform, which constituted a form of unregulated online gambling, the Jakarta Post reported.
The government will not provide space for any form of online gambling in Indonesia,” Alexander Sabar, the director general of digital space supervision at the Ministry, said in a statement. He said that Polymarket and similar prediction markets “contain elements of monetary betting and speculation over uncertain events, making them violate prevailing laws and regulations in Indonesia.”
