Japan’s Bitbank cracks down on Polymarket-linked transfers
Cointelegraph 2026-06-15 10:05:29
Context: The Japanese cryptocurrency exchange Bitbank has taken measures to restrict transactions related to Polymarket, a platform that allows users to trade on prediction markets. This move is based on Japan's laws regarding gambling. The exact location of the exchange is not specified, but it is mentioned that it is a Japanese crypto exchange.
Key Facts
- Bitbank, a Japanese cryptocurrency exchange, has warned its users that they may face account suspensions if they are found to have engaged in transactions linked to Polymarket, a prediction market platform.
- The reason cited by Bitbank for this crackdown on Polymarket-linked transfers is Japan's gambling laws, which apparently prohibit such transactions.