Overview: What kind of market is this?

Indonesia maintains a total, standing national prohibition on all forms of gambling, criminal in basis and treated as durable. Alongside that legal baseline, evidence points to very large-scale illegal online gambling activity, reflected in PPATK's reported figure of approximately IDR 286.84 trillion (roughly USD 17.3 billion) in online gambling transaction volume this cycle. The defining development this cycle is a shift in the regulator's operational model: rather than relying solely on content-blocking, Indonesian authorities have moved to a coordinated, cross-agency financial-disruption strategy targeting the bank accounts and payment channels that sustain illegal gambling operations. This shift, anchored in the newly enacted Law No. 4 of 2026 on P2SK, defines the read for every other category this cycle: licensing remains categorically absent, enforcement is escalating and broadening in target, and the practical scope of what counts as "gambling" is expanding to cover new product categories such as prediction markets.