Indonesia has blocked access to the crypto prediction market Polymarket after classifying the platform as illegal online gambling under local law.
Indonesia’s Ministry of Communication and Digital Affairs cut access to Polymarket and began tracing affiliated social media accounts for further restrictions. The ministry described the service as an online gambling site disguised as a prediction market, even when it uses crypto or blockchain technology.
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Spain’s gambling regulator has ordered internet providers to block access to prediction market platforms Polymarket and Kalshi. The move targets unlicensed betting products tied to future events. Proceedings against the companies are expected to last three to four months.
South Korean police launched the country's first illegal gambling investigation into domestic Polymarket users on June 5. The probe targets residents who placed bets on June 3 local election outcomes using cryptocurrency transactions.
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Prediction market platform Polymarket has appointed a representative in Japan and aims to secure government approval to operate there by 2030. The move comes as the company faces legal pressures in the United States.
A private key compromise led to a drain of more than $520,000 from a Polymarket-linked wallet on the Polygon blockchain on May 22. The prediction market platform confirmed that user funds and core contracts remained unaffected.
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Indonesia's tax authority reports crypto transaction tax revenue reached Rp1.96 trillion from 2022 to February 2026. This includes Rp1.09 trillion in PPh 22 and Rp875.31 billion in domestic PPN. The rise reflects growing integration of crypto into the formal economy.