Japan’s Bitbank cracks down on Polymarket-linked transfers
·2 min read
Compiled by KHAO Editorial
— aggregated from 1 source + 10 references discovered via search.
See llms.txt for citation guidance.
◌ Single Source
Japanese crypto exchange Bitbank warns users of possible account suspensions for Polymarket-linked transactions, citing Japan’s gambling laws.
Key facts
Polymarket currently lists Japan among 35 restricted jurisdictions in its access policy
Japanese crypto exchange Bitbank warns users of possible account suspensions for Polymarket-linked transactions, citing Japan’s gambling laws
In a notice published on Monday, Bitbank said it may restrict accounts making deposits or withdrawals connected to prediction market services
We will not be liable for any damages incurred by our customers because of the account suspension measures,” the exchange added
Summary
Bitbank, one of Japan’s largest cryptocurrency exchanges, warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country's gambling laws. In a notice published on Monday, Bitbank said it may restrict accounts making deposits or withdrawals connected to prediction market services. The warning highlights the regulatory uncertainty surrounding prediction markets in Japan, where local gambling laws may complicate Polymarket's previously stated interest in expanding into the country. Bitbank said users whose accounts are suspended would lose access to a wide range of services, including account logins, deposits and withdrawals, as well as crypto trading.