Polymarket Appoints Japan Lead, Targets Regulatory Approval by 2030

According to Cointelegraph, Polymarket appointed Mike Eidlin, who previously led Jupiter's Japan operations, to spearhead its market entry in Japan and pursue regulatory approval by 2030. The prediction market platform is preparing to navigate Japan's strict online gambling regulations, which currently permit only government-authorized activities such as horse racing and public lotteries.

Meanwhile, Polymarket's Japan X account has already amassed over 53,000 followers despite the platform not yet being licensed to operate locally. In April, the platform saw its monthly notional trading volume decline nearly 15% amid regulatory pressure and competition from rivals such as Kalshi.