Indonesia Blocks Blockchain Prediction Market Polymarket Amid Gambling Crackdown
- Government Action: Indonesia's Ministry of Communication and Digital Affairs announced on May 22, 2026, the blocking of the blockchain-based prediction market platform Polymarket, citing violations of national regulations prohibiting online gambling, indicating a zero-tolerance stance towards online gambling activities.
- Gambling Nature Determination: The platform is accused of being 'disguised online gambling,' allowing users to place speculative bets using cryptocurrency on real-world event outcomes, which the government believes resembles banned online betting platforms and could lead to legal repercussions.
- Increased Monitoring: Following the monitoring of politically sensitive prediction markets related to President Prabowo, Indonesian authorities have intensified scrutiny of mirror domains and social media accounts to prevent circumvention of local restrictions, aiming to protect the public, especially younger internet users, from online gambling exposure.
- Regional Regulatory Trend: This action reflects Indonesia's broader efforts to combat illegal online gambling platforms and aligns with India's recent crackdown on offshore prediction market platforms, highlighting a growing global trend of increasing regulatory scrutiny on prediction markets.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000209 | 0.000216 | 0.000224 | 0.000232 | 0.000239 | 0.000247 | 0.000255 |
| Fibonacci | 0.000216 | 0.000222 | 0.000226 | 0.000232 | 0.000238 | 0.000241 | 0.000247 |
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