Key Takeaways

• Bitbank warns users over prediction market activity

• Warning comes as Japan attracts industry interest.

• Global regulators are tightening scrutiny.

Japanese crypto exchange Bitbank has warned customers that transfers linked to prediction market platforms such as Polymarket could result in account suspensions.

The move has highlighted the growing caution among crypto firms as regulators grapple with the legal status of event-based wagering services.

Bitbank Warning Raises Risks For Japanese Crypto Users

In a blog post published this week, Bitbank said users accessing prediction market platforms from Japan for the purpose of earning money could be engaging in conduct that may be treated as gambling…