Indonesia Cracks Down on Polymarket in Gambling Clampdown

Indonesia has blocked access to the crypto-based prediction market platform Polymarket after the site opened a betting market on whether President Prabowo Subianto would leave office before his term ends in 2029. Indonesian Government Blocks Polymarket Over Online Gambling Laws The block was announced by Indonesia’s Ministry of Communication and Digital Affairs, known locally as […]

Polymarket has been banned in Indonesia following controversy around bets predicting an early end to President Prabowo's presidency. The post Indonesia bans Polymarket after bets on President Prabowo’s early exit spark gambling crackdown appeared first on Crypto Briefing.

Indonesia blocked Polymarket after users bet on President Prabowo Subianto leaving office early, citing gambling concerns and expanding global scrutiny of prediction markets.

Indonesia blocked Polymarket after Prabowo exit bets, citing gambling rules as prediction markets face wider global scrutiny.

Prediction markets are moving into the mainstream as Polymarket and licensed sportsbooks shape trust signals, odds interpretation, market liquidity, regulation and trading risk.

Hyperliquid's rapid volume surge highlights the growing influence of prediction markets, potentially reshaping trading dynamics and regulatory focus. The post Hyperliquid matches Polymarket’s BTC binary volume in 2 weeks appeared first on Crypto Briefing.

The suspension of CFTC officials may weaken regulatory oversight, potentially increasing risks for retail investors on crypto platforms. The post CFTC officials suspended after raising concerns about Polymarket, Crypto.com, and Gemini appeared first on Crypto Briefing.

A New York Times investigation found that senior CFTC officials who raised concerns about Polymarket, Crypto.com and Gemini were suspended and pushed out.