Indonesia blocks Polymarket, calls it online gambling

The Indonesian government has blocked access to the prediction market platform Polymarket, according to local media outlet Antara. Local authorities stated that while Polymarket presents itself as a prediction market, they have determined it to be a form of online gambling. Indonesia's Ministry of Digital Communication explained that placing monetary bets on the outcomes of future events, such as elections, economic data, or sports, violates local law. The ministry added that it also plans to track social media accounts related to Polymarket and block similar platforms. Meanwhile, Singapore, Brazil, and India have also reportedly blocked access to Polymarket, while countries like Japan, China, and Thailand have implemented related regulations.