Polymarket eyes Japan market entry, appoints regional representative: Bloomberg
The Block
Polymarket has appointed a representative in Japan and is seeking regulatory approval to operate its prediction market platform in the country by 2030.Summary
Polymarket is taking steps to enter the Japanese market by appointing a regional representative, Mike Eidlin, to lead its expansion efforts. The company aims to secure regulatory authorization to operate prediction markets in Japan by 2030, despite current access restrictions and the country's strict laws regarding gambling. This move comes as Polymarket faces increased global regulatory scrutiny and competition, including recent volume declines and active enforcement actions in other regions like the U.S., South Korea, and India.
(Source：The Block)