Polymarket, a crypto-based prediction market platform that lets users wager on real-world outcomes, is reportedly moving to enter Japan through regulatory approval efforts. Multiple outlets report that Polymarket has appointed a representative in Japan and is preparing to lobby for authorization of prediction markets in the country. CoinDesk and other reports cite Mike Eidlin, head of Japan at cryptocurrency exchange Jupiter, as a key figure involved in the effort. CoinTelegraph characterizes the push as continuing despite gambling law hurdles and increasing regulatory scrutiny, and it reports that Polymarket is targeting approval by 2030. Bloomberg similarly says the company is seeking Japan market approval as part of a broader global push, based on people familiar with the matter. The reports collectively indicate that Polymarket is responding to challenges in its current markets, including falling trading volumes, while working to address Japan’s legal and regulatory environment. No outlet provides confirmation of approval or specific regulatory pathways, and details of the lobbying strategy and timing beyond the 2030 target are not fully specified.
Polymarket seeks Japan approval for prediction market by 2030, reports say
Polymarket, a crypto-based prediction market platform that lets users wager on real-world outcomes, is reportedly moving to enter Japan through regulatory approval efforts. Multiple outlets report tha...
- Polymarket is a crypto-based platform where users bet on outcomes of real-world events.
- Reports say Polymarket has appointed a representative in Japan.
- Polymarket is preparing to lobby for authorization of prediction markets in Japan.
- Mike Eidlin, described as head of Japan at Jupiter, is reported to be leading Japan efforts.
- Some reports say the effort targets approval by 2030 despite gambling law hurdles and regulatory scrutiny.
Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030.
3 months agoMike Eidlin, head of Japan at cryptocurrency exchange Jupiter, is leading Polymarket's efforts, according to reports.
3 months agoPolymarket enables users to bet on the outcomes of real-world events, such as elections, using cryptocurrencies.
3 months agoPolymarket has appointed a representative in Japan and is preparing to lobby for the authorization of prediction markets in the country, according to people familiar with the matter.
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