Polymarket aims for prediction market approval in Japan by 2030

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Polymarket aims for prediction market approval in Japan by 2030 Mike Eidlin, head of Japan at cryptocurrency exchange Jupiter, is leading Polymarket's efforts, according to reports. By Jamie Crawley , AI Boost | Edited by Omkar Godbole May 22, 2026, 8:34 a.m. 1 min read Make preferred on What to know : Polymarket is set to lobby for authorization of prediction markets in Japan. The prediction market platform has appointed a representative in the country and is aiming for government approval by 2030. Polymarket has been under pressure to expand its reach into other major markets as legal scrutiny has hampered its activity in the U.S . Polymarket is set to lobby for authorization of prediction markets in Japan, according to a Bloomberg report on Friday . The decentralized prediction market platform has appointed a representative in the country and is aiming for government approval by 2030, Bloomberg report said, citing people familiar with the matter who asked not to be named. Mike Eidlin, head of Japan at cryptocurrency exchange Jupiter, is leading Polymarket's efforts, according to the report. Polymarket, which allows users to bet on outcomes of real-world events through blockchain-based futures contracts, has been under pressure to expand its reach into other major markets as legal scrutiny has hampered its activity in the U.S . Read More: India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next Japan maintains some of the world’s strictest gambling laws, with most forms of betting prohibited under the country’s criminal code. Exceptions exist for state-sanctioned wagering on events such as horse racing and lotteries, while casinos are only beginning to emerge under a tightly regulated framework. Polymarket has seen "meaningful organic interest from users in Japan," a spokesperson said, according to Bloomberg's report. Japan has also taken a comparatively cautious approach toward crypto-related businesses , with regulators enforcing licensing and consumer protection requirements on digital asset firms operating in the country. Polymarket did not respond to CoinDesk's request for comment. Polymarket Japan AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You U.S. CFTC secures deal with National Hockey League on prediction market safeguards By Jesse Hamilton | Edited by Nikhilesh De 17 hours ago A new arrangement has been set between the derivatives regulator and professional hockey, following on the heels of a similar baseball agreement. What to know : The U.S. Commodity Futures Trading Commission has secured a memorandum of understanding with the National Hockey League to share information connected to prediction market betting. The MOU is the latest arrangement between the derivatives regulator and a major sports league, following a similar memo with Major League Baseball. Read full story Latest Crypto News Bitcoin implied volatility drops to 7 month low despite macro risks 10 minutes ago XRP ETFs attract inflows amid wallet surge. bitcoin, ether funds struggle. 1 hour ago Bitcoin trades near $77,700 as analysts eye $75,000 support after liquidation wave 2 hours ago India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next 3 hours ago Satoshi’s 1.1 million bitcoin and millions more can be saved from quantum attack, says expert 13 hours ago Mark Cuban says he sold most of his Bitcoin after failed hedge narrative 'disappointed' the billionaire 15 hours ago Top Stories U.S. CFTC secures deal with National Hockey League on prediction market safeguards 17 hours ago Ethereum’s identity crisis is deepening after high-profile 'brain drain' frustrates the community 15 hours ago Blockchain.com files with SEC for U.S. IPO 18 hours ago Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets May 21, 2026 Don't call us just a WLFI treasury company, says AI Financial May 21, 2026