Japan’s Bitbank cracks down on Polymarket-linked transfers
Japanese crypto exchange Bitbank warns users of possible account suspensions for Polymarket-linked transactions, citing Japan’s gambling laws.
Bitbank, one of Japan’s largest cryptocurrency exchanges, warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country’s gambling laws.
In a notice published on Monday, Bitbank said it may restrict accounts making deposits or withdrawals connected to prediction market services.
The warning highlights the regulatory uncertainty surrounding prediction markets in Japan, where local gambling laws may complicate Polymarket’s previously stated interest in expanding into the country.
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