Japanese Crypto Exchange Bitbank Warns Users Over Prediction Market ActivityBitbank, one of Japan's largest crypto exchanges, has warned users that their accounts could be restricted if they are found to be involved with prediction market platforms.

🔸 The exchange stated that it may limit or suspend accounts that send or receive funds linked to prediction market services.
🔸 Affected users could lose access to account login, deposits, withdrawals, and crypto trading functions while restrictions remain in place.
🔸 According to Bitbank, betting on the outcomes of elections, sporting events, or other future events for profit may be considered gambling under Japanese law.
🔸 The exchange urged users to exercise caution when using external services that could potentially violate local regulations.
The warning highlights growing regulatory scrutiny around prediction markets as they continue to gain popularity across the crypto industry.
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