Regulation· ★★★· neutral· September 15, 16:53

Japan's ruling party to take up prediction market regulation

—The LDP cross-party digital finance group has added prediction markets to its agenda
—FSA: there is no dedicated regulation, and an 'extremely cautious' approach is needed due to gambling risk
—The New York Attorney General is seeking $3.4 billion from Coinbase and Gemini over prediction markets
—Kalshi and Polymarket executives plan a visit to Japan

Why it matters: Japan could become a major prediction market, but current legislation creates a high barrier to entry for Kalshi and Polymarket.