Polymarket's move to enter Japan is interesting; obtaining a license before 2030, with Eidlin leading the team to tackle the challenge, let's see how much the prediction market can be opened up.

CryptoWorld News reports that Polymarket is seeking approval to operate prediction markets in Japan, with plans to obtain the relevant authorization by 2030. The decentralized prediction market platform has appointed a representative in Japan to push for government approval. According to the report, Mike Eidlin, the head of the Japan branch of Jupiter Exchange, is leading Polymarket’s efforts. Polymarket allows users to bet on the outcomes of real-world events through blockchain-based futures contracts; due to legal review limiting its activities in the United States, it is under pressure to expand its market. Japan’s gambling laws are relatively strict: most forms of betting are prohibited under criminal law, except for government-approved events such as horse racing and lotteries. Polymarket has already seen “meaningful natural interest” among its users in Japan.