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Indonesia bans Polymarket for gambling on president's term

Indonesia has banned Polymarket, a predictions market platform, classifying it as an online gambling service. The ban follows the opening of a bet on when the country's president, Prabowo, would leave office. Indonesian authorities stated that the platform violates laws against online gambling and speculation on inconclusive events. AI

RANK_REASON Regulatory action against a platform that facilitates predictions on political events.

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Indonesia bans Polymarket for gambling on president's term

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  1. SCMP — Tech TIER_1 English(EN) · Reuters ·

    Indonesia bans Polymarket following bets on Prabowo presidency end date

    Indonesia has blocked predictions market ⁠Polymarket as part of its crackdown on online gambling, its communications and digital ministry said, days after the site took bets on a premature end to Prabowo Subianto’s presidency. Gambling is illegal in Indonesia and authorities have…