Bitbank warns Japanese users may face account suspension for accessing overseas prediction markets like Polymarket for profit.
Japanese crypto exchange Bitbank has cautioned users that accessing overseas prediction markets, such as Polymarket, for monetary gain may be classified as gambling-related activity. The warning follows concerns over regulatory compliance for users operating within Japan.
Bitbank stated that accounts linked to deposits or withdrawals involving prediction markets or related services could be suspended. Affected users would lose access to login, crypto deposits and withdrawals, JPY withdrawals, and trading functionality.
No immediate market reaction was reported, but the move highlights growing scrutiny of cross-border crypto and prediction market activities in Japan.