Japan's bitbank to suspend accounts tied to prediction markets

Japanese cryptocurrency exchange bitbank has announced on its blog that it will suspend user accounts found to be making deposits or withdrawals related to decentralized prediction market platforms like Polymarket. According to local media outlet CoinPost, bitbank noted that even if these services are based overseas, accessing them from Japan for financial gain could be considered gambling. The company further stressed that if an account is suspended, users will lose access to all functions, including logins, crypto and yen transactions, and trading. Bitbank added that it will not be held responsible for any losses incurred as a result of such a suspension.