Polymarket Targets Japan Expansion as Regulatory Scrutiny Intensifies
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Prediction market platform Polymarket has appointed Mike Eidlin as its Japan representative and is targeting regulatory approval to operate legally in Japan by 2030, signaling a strategic push for regional expansion and crypto adoption. The announcement comes as Polymarket remains blocked in Japan and faces intensified gambling-related scrutiny and legal reviews in the US, South Korea and India, highlighting significant regulatory and compliance risks for its DeFi/crypto operations.
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- Polymarket appointed a Japan representative as it seeks regulatory approval to operate by 2030.
- Japan maintains strict gambling laws while Polymarket remains blocked in the region.
- South Korea is reviewing whether Polymarket is hosting illegal gambling-related content.
Prediction market platform Polymarket has appointed a representative in Japan as part of a long-term effort to secure approval to operate legally in the country by 2030. The reported move comes as the platform continues to face regulatory restrictions and gambling-related scrutiny across several jurisdictions, including the United States, South Korea, and India.
According to reports, Polymarket sees Japan as a possible expansion market despite the country’s strict gambling laws. The report stated that Mike Eidlin, who has reportedly worked as head of Japan at Jupiter, will lead Polymarket’s activ…
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