Polymarket · Japan · Bloomberg · Decrypt
Polymarket Taps Jupiter Exec to Lead Japan Push: Report
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Polymarket has appointed a representative in Japan as it prepares to seek government approval to operate prediction markets in the country, .
Key facts
- Kalshi’s valuation hit $22 billion after a $1 billion raise in March, with Polymarket sitting at a $9 billion valuation following a $2 billion investment from Intercontinental Exchange in October 2025
- The platform's Japanese X account has already attracted more than 53,000 followers, and some 169 active Polymarket contracts are tied to Japanese events, including Bank of Japan rate decisions
- Japan's cabinet last month approved a bill that would reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, prohibiting insider trading and requiring
- Polymarket has appointed a representative in Japan as it prepares to seek government approval to operate prediction markets in the country
Summary
Polymarket has reportedly appointed a Japan representative ahead of a regulatory approval bid. Mike Eidlin, formerly head of Japan at crypto firm Jupiter, will lead the effort, . The prediction market is aiming for authorization to operate in Japan by 2030. Mike Eidlin, who serves as head of Japan at crypto firm Jupiter according to his LinkedIn profile, has been appointed to lead Polymarket's expansion in the country, Bloomberg reported.