Polymarket seeks Japan entry despite gambling law hurdles: Report
Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030....
Key takeaways
- 1Polymarket appointed Mike Eidlin from Jupiter to lead Japan expansion efforts, targeting regulatory approval by 2030.
- 2Polymarket's monthly trading volume fell 15% in April while facing restrictions in 34 countries globally.
- 3India is among latest jurisdictions preparing blocking orders against prediction markets like Polymarket and Kalshi.
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Why it matters
India's regulatory crackdown on prediction markets signals tightening government stance on crypto betting platforms, directly impacting retail investor access to these platforms. Polymarket's struggles with declining volumes and global restrictions show prediction markets face mounting headwinds from regulators worldwide, limiting growth opportunities for Indian users.
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