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Indonesia blocks Polymarket on suspicion of online gambling

MarsBitNews
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Abstract generation in progress
Mars Finance News, on May 25, according to the Indonesian National News Agency ANTARA, the Indonesian Ministry of Communication and Digital Affairs has blocked the prediction market platform Polymarket, citing that the platform is suspected of conducting online gambling activities under the guise of "prediction markets." The Director General of Digital Space Supervision at the Indonesian Ministry of Communication and Digital Affairs, Alexander Sabar, stated that platforms like Polymarket, although using blockchain technology and cryptocurrencies, are actually involved in betting and speculation on the outcomes of uncertain events, thus violating Indonesian laws. The department said that in addition to blocking the Polymarket website, they are also tracking social media accounts related to it and will continue to block platforms suspected of providing similar services.
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LiquidationRaincoat
· 1h ago
Blocking is less effective than easing; the more you shut down, the more it becomes popular.
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Don’tLetTheLiquidationAlarm
· 1h ago
If the classic can't be controlled, it will be banned
View OriginalReply0
TideShellLedger
· 2h ago
Another case of traditional finance suppressing a Web3 application
View OriginalReply0
PickingUpAirdropsInTheFog
· 2h ago
Polymarket users switch to a different node to continue playing
View OriginalReply0
ThetaSideEye
· 2h ago
User: Already accustomed
View OriginalReply0
TeaAndSlippage
· 2h ago
It is recommended that Indonesia first clearly define what constitutes speculation.
View OriginalReply0
MoonlightReef
· 2h ago
It's easy to block platforms, but difficult to block demands.
View OriginalReply0
NeonMargin
· 2h ago
Does this count as tacit acknowledgment that prediction markets are effective?
View OriginalReply0
SlippageSigh
· 2h ago
Regulation is always chasing innovation
View OriginalReply0
ACalmnessWithAHintOfPomelo
· 2h ago
The lag of the law is vividly demonstrated.
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