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Home/News/Japan's Bitbank warns users it may suspend accounts over Polymarket transactions
Cointelegraph·11h ago·negative

Japan's Bitbank warns users it may suspend accounts over Polymarket transactions

Japanese crypto exchange Bitbank warned users that deposits or withdrawals linked to prediction market platforms like Polymarket could result in account suspensions under Japan's gambling laws.

  • Bitbank says prediction market transactions may violate Japan's gambling laws
  • Accounts can lose access to logins, deposits, withdrawals and trading if flagged
  • The warning comes as Polymarket explores expansion into Japan
  • Japan has not issued formal guidance on prediction markets, but Bitbank is taking a cautious stance
  • Polymarket currently lists Japan among 35 restricted jurisdictions
regulationexchangeImpact 5/10
Why our editor rated this negative

A major Japanese exchange restricting access to prediction markets signals growing regulatory friction for crypto services, which is negative for industry expansion in Japan.

Read the full story at Cointelegraph

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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