Wu Shuo has learned that the Japanese cryptocurrency exchange Bitbank has issued a warning regarding the use of prediction market services, stating that prediction market services, including Polymarket, may be provided by overseas operators, but if Japanese users access them from within the country and use them for monetary gain, it may constitute gambling behavior, among other issues. Bitbank stated that if it confirms that a user has deposits or withdrawals related to prediction market services or suspected related services, it may take account suspension measures; once an account is suspended, the user will be unable to log in, deposit or withdraw crypto assets, withdraw Japanese yen, or trade cryptocurrencies.

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SlippagePoet
· 6h ago
Deposit and withdrawal monitoring is so detailed that on-chain address analysis is probably implemented.
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ForkAndChill
· 6h ago
Japanese regulators have always been like this; predicting markets is off-limits. Polymarket users need to be cautious.
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BridgeHopHarper
· 7h ago
Bitbank's move is pretty harsh, directly suspending accounts and preventing login—more severe than freezing.
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