Prediction Markets Are Testing Legal Limits in Strict Asian Markets
Airfind news item
Published on April 4, 2026.
Prediction markets are expanding into Asia's largest economies, despite local gambling laws limiting betting activities in these countries. This is due to scale, active retail participation and limited local alternatives. However, the region is fragmented and legally complicated, where access, language and regulation don't align with industry's global ambitions. Polymarket, one of the fastest-growing platforms, has introduced Chinese-language support and newer entrants like PredicXion are focusing on local events to drive adoption. However local gambling regulations in key markets remain a significant concern. In China, online gambling is strictly prohibited and access to platforms like Polymarket is largely restricted. In South Korea, most forms of gambling are prohibited for locals outside a narrow set of state-run exceptions, and Japan takes a similarly restrictive approach. However both countries maintain strict limits on gambling.
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