Regulation· ★★★· neutral·

Japan's ruling party holds first hearing on prediction markets with Kalshi and Polymarket

  • —The hearing took place Oct. 20 at the lower house members' office building
  • —Kalshi sent Chan Park and Max Crowley; Polymarket was represented by CLO Neal Kumar
  • —A second session with Japanese operators is set for mid-November
  • —Article 185 of Japan's criminal code on gambling remains the main legal hurdle
Why it matters: Legalization in Japan would open one of Asia's largest retail markets to Kalshi and Polymarket, which are already battling state-level gambling rules in the US.
Source: CoinDesk Japan
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