Polymarket has appointed a representative in Japan and is preparing to lobby for the authorization of prediction markets in the country, according to people familiar with the matter. The global prediction market platform is aiming for government approval in Japan by 2030, the people said, asking not to be named as the plans aren’t public. Polymarket sees Japan as a large untapped business opportun...
Polymarket has appointed a representative in Japan and is preparing to lobby for the authorization of prediction markets in the country, according to people familiar with the matter. The global prediction market platform is aiming for government approval in Japan by 2030, the people said, asking not to be named as the plans aren’t public. Polymarket sees Japan as a large untapped business opportunity, they said. Mike Eidlin is leading Polymarket’s Japan efforts, according to the people. Eidlin has been working as head of Japan at crypto firm Jupiter , according to his LinkedIn profile. He declined to comment on whether he is working with Polymarket. Polymarket declined to comment on its activities in Japan. A representative for Japan’s justice ministry declined to comment on whether it has been in contact with Polymarket. Polymarket enables users to bet on the outcomes of real-world events, such as elections, using cryptocurrencies. The company has thus far steered clear of promoting its services in Japan due to the country’s strict gambling restrictions. The New York-headquartered firm currently blocks Japan-based users from placing bets on its website and app due to “regulatory requirements,” according to its geographic restrictions list . Its Japan push comes as the company is under increasing pressure to expand its user base amid legal scrutiny in the US and rising competition from Kalshi Inc. and other rivals. Polymarket’s monthly notional trading volume on its offshore exchange and US app totaled $10.3 billion in April, a 9% decline from the month before. Read more: Kalshi, Polymarket Defy India Ban on Online Betting Platforms Gambling has long occupied a legal gray area in Japan, with the nation’s Penal Code stating that habitual gambling is subject to punishment of up to three years in jail, while those running gambling businesses can be incarcerated for as long as five years. There are some regulated exceptions, including government-authorized horse racing ...
"We get this fear from the United States. People were just recovering from last time, when it all began again in January," she said, referring to Trump's declarations for the US to "own" Greenland.
"We get this fear from the United States. People were just recovering from last time, when it all began again in January," she said, referring to Trump's declarations for the US to "own" Greenland.
(RTTNews) - The Indonesia stock market has finished lower in back-to-back sessions, dropping almost 75 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,715-point plateau although it's tipped to open in the green on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by the latest earnings news. The European markets were up an...
(RTTNews) - The Indonesia stock market has finished lower in back-to-back sessions, dropping almost 75 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,715-point plateau although it's tipped to open in the green on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by the latest earnings news. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference. The JCI finished modestly lower on Thursday following losses from the resource stocks and mixed performances from the financial and cement companies. For the day, the index sank 71.02 points or 0.91 percent to finish at the daily low of 7,716.55 after peaking at 7,794.86. Among the actives, Bank CIMB Niaga collected 0.52 percent, while Bank Mandiri retreated 1.41 percent, Bank Danamon Indonesia slumped 1.14 percent, Bank Negara Indonesia dropped 0.88 percent, Bank Central Asia added 0.47 percent, Bank Rakyat Indonesia sank 0.82 percent, Indosat Ooredoo Hutchison declined 1.21 percent, Indocement skidded 0.96 percent, Semen Indonesia rose 0.23 percent, Indofood Sukses Makmur gathered 0.33 percent, United Tractors shed 0.56 percent, Astra International lost 0.47 percent, Energi Mega Persada plunged 5.92 percent, Astra Agro Lestari climbed 1.10 percent, Aneka Tambang tumbled 1.82 percent, Jasa Marga slid 0.62 percent, Vale Indonesia surrendered 1.90 percent, Timah dipped 0.37 percent, Bumi Resources fell 0.68 percent and Bank Maybank Indonesia was unchanged. The lead from Wall Street is murky as the major averages opened mixed on Thursday and finished the same way. The Dow dropped 140.59 points or 0.33 percent to finish at 42,374.36, while the NASDAQ climbed 138.83 points or 0.76 percent to close at 18,415.49 and the S&P 500 rose 12.44 points or 0.21 percent to end at 5,809.86. The strength on the tech-heavy NASDAQ was spurred by strong quarterly earnings from the likes of Tesla (TSLA) and UPS ...