Polymarket is pursuing regulatory approval to operate prediction markets in Japan, with a target timeline of 2030, according to reports. The effort is being led by Mike Eidlin, head of Japan at cryptocurrency exchange Jupiter, suggesting a dedicated push to navigate the country's complex financial regulatory environment. Japan has historically maintained strict oversight of gambling and speculative financial products, meaning Polymarket would likely need to engage closely with regulators to establish a compliant legal framework. The move reflects broader industry ambitions to expand decentralized prediction markets into major Asian economies. If successful, Japan would represent a significant new market for Polymarket, which has grown rapidly in prominence following high-profile prediction activity around U.S. political events.
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