Gambling is illegal in Indonesia and authorities have been clamping down on online betting.
“The government will not allow any form of online gambling in Indonesia,” the ministry said in a statement.
Advertisement
Ministry official Alexander Sabar late on Friday said Polymarket was classified as an online gambling platform and its activities “contain betting and speculation over events that are inconclusive”, therefore violating Indonesian law.
Polymarket said on Tuesday that the company was committed to engaging with authorities.

“We welcome the opportunity to collaborate with Indonesia on a path forward that supports responsible innovation, transparency and user protection in prediction markets,” it said.

Don't Miss:
-
Drug Trafficking, U.S. Banks, and the Economic Reality Under Trump
-
Ivan’s Mob Beheads A Los Mayos Member
-
Ex-OFAC Official: The Cartel Risk Companies Can’t See | The InSight Take
-
Why Ecuador Is Losing Its Fight Against Organized Crime
-
‘El Cromo’ Arrested in Guadalajara; He Is Linked to a Group Affiliated with the CJNG

The Taliban’s New War Begins at Home
Panama removed from EU’s tax haven ‘blacklist’ a decade after the Panama Papers
Crackdown and Controversy: The Battle Over Beach Bars and Noise in Phuket’s Bang Tao