Polymarket Japan Expansion Amid Gambling Law Restrictions

Prediction Market Platform Targets Japan Entry by 2030

Polymarket is reportedly preparing to enter Japan as it seeks new growth opportunities amid rising global regulatory pressure and declining trading activity. The company has set a long-term goal of securing approval by 2030 and has appointed Mike Eidlin, head of Japan at crypto firm Jupiter, to lead its local strategy and regulatory engagement.

Japan Gambling Laws Create Major Compliance Barriers

Japan maintains strict gambling regulations, allowing betting only on limited government approved activities such as horse racing and public lotteries. Online gambling violations can result in fines of up to $3,400, with repeat offenses carrying prison terms of up to three years. Despite these restrictions, Polymarket claims it is seeing strong organic interest from users across Japan and broader Asia.

The platform already has a Japan-focused social media presence with more than 53,000 followers on X.

Global Restrictions and Market Pressure Increase Competition

Polymarket operates in a challenging global environment, listed as restricted in 35 jurisdictions and blocked in around 34 countries, with limited access in four others. Monthly trading volume dropped nearly 15% in April, while rival Kalshi recorded about a 13% increase. Regulatory scrutiny is also rising in markets like India, adding further pressure on prediction platforms worldwide.