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Japanese crypto exchange Bitbank: If any withdrawals or deposits related to prediction markets such as Polymarket are detected, account suspension measures may be taken

MarsBitNews
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Mars Finance News, Japan's cryptocurrency exchange Bitbank announced today that it has issued a risk warning to users regarding the use of prediction market services such as Polymarket. The announcement states that many prediction platforms that facilitate trading of future events, elections, or sports results using crypto assets are operated by overseas institutions. If users access these platforms from within Japan and participate in trades for monetary gain, they may be in violation of Japan's relevant gambling laws. Bitbank emphasizes that if the platform detects withdrawal and deposit records related to prediction markets or suspected related services in a user's account, it may suspend that account. Once an account is suspended, the user will be unable to log in, trade, or withdraw and deposit crypto assets and Japanese yen, and the platform will not be responsible for any losses resulting from this.
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