Indonesia blocks Polymarket, calling prediction market online gambling in disguise

Authorities stated that using crypto or blockchain doesn't change platforms that let users wager on uncertain outcomes from being gambling products. What to know : Indonesia blocked the crypto prediction market Polymarket, classifying it as illegal online gambling under local law. Authorities stated that using crypto or blockchain doesn't change platforms that let users wager on uncertain outcomes from being gambling products. Indonesia's ban is part of a broader crackdown on prediction markets in Asia, with India also restricting Polymarket and other similar services.