Polymarket Blocked in Indonesia as Regulators Target Crypto Betting

TLDR

• Indonesia blocks Polymarket over crypto betting and strict gambling rules today

• Polymarket faces Indonesia ban as global prediction market pressure grows now

  

• Indonesia targets Polymarket as regulators tighten crypto betting controls now

• Polymarket ban in Indonesia adds new heat to global betting platform scrutiny

• Indonesia blocks Polymarket after event contracts trigger gambling concerns

Indonesia has blocked Polymarket after classifying the crypto prediction platform as an online gambling service. The move adds new pressure on event-betting platforms that use digital assets. It also shows how regulators now treat real-money prediction markets under existing gambling laws.

Indonesia Blocks Platform Over Betting Activity

Indonesia’s Ministry of Communication and Digital confirmed the access restriction after reviewing Polymarket’s activity. The ministry said users could place money on uncertain outcomes, including elections, sports and economic events. Officials placed the platform within the country’s banned gambling category.

Director General of Digital Space Supervision Alexander Sabar said the platform involved betting and speculation on uncertain results. The ministry also started tracing social media accounts linked to Polymarket. Officials said they would restrict promotional channels that help users bypass the ban.

The action fits Indonesia’s strict position on online gambling. National law bans gambling services, and authorities have expanded digital enforcement in recent months. As a result, crypto-based platforms now face the same checks as traditional betting websites.

Polymarket gained attention in Indonesia after users created a market about President Prabowo Subianto’s time in office. The contract appeared after Prabowo announced plans to centralize control over major commodity exports. Those sectors include coal and palm oil, which remain important to Indonesia’s economy.

Global Pressure Builds on Prediction Markets

Indonesia’s move follows similar restrictions in several countries. Brazil acted against Polymarket and Kalshi in April over derivatives and market integrity concerns. Argentina ordered internet providers, Google, and Apple to restrict Polymarket after a court ruling.

Singapore, India, China, Japan, and Thailand have also taken restrictive positions toward similar event-betting services. These markets often apply gambling or financial rules when users stake money on real-world outcomes. Hence, regulators focus less on blockchain design and more on the betting function.

In the United States, prediction markets still face legal pressure at the state level. A Ninth Circuit panel recently rejected attempts by Kalshi and Polymarket to pause enforcement actions in Nevada and Washington. State authorities argue that sports-event contracts can operate as unlicensed gambling products.

The broader crackdown raises legal questions for DeFi platforms that mix speculation, betting, and forecasting. Polymarket presents market prices as probability signals, but regulators view real-money event contracts differently. Platforms with similar models may face tighter reviews across Asia and Latin America.

For the crypto sector, the case shows that decentralization does not remove local legal duties. Governments can still block access, restrict promotion, and target related services through internet controls. Polymarket now faces another major market restriction as regulators sharpen their focus on crypto betting.

The post Polymarket Blocked in Indonesia as Regulators Target Crypto Betting appeared first on CoinCentral.