Taiwan blocks access to cryptocurrency and prediction market platforms Coinbase and Kalshi after authorities suspect they are being used for election betting. Bloomberg reports that Taiwan restricts the websites of Coinbase Global Inc. and Kalshi Inc., and other coverage says the action is linked to alleged election-related wagering activities.
The timing is tied to upcoming local elections on Nov. 28, which are expected to gauge public support for President Lai Ching-te’s government. Quartz reports that a New Taipei court authorizes the ban weeks ahead of the vote. The outlets frame the move as a legal and enforcement step taken close to the election date, though they do not detail specific evidence or the alleged mechanisms of betting in the summaries provided.
