Jun 29, 2026 · 7:06 AM
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Japanese startups are building prediction markets on loyalty points because the alternative is a criminal charge
Japanese prediction market startups POYP and Miraima are using loyalty points and gift card vouchers to sidestep Japan's strict gambling laws, borrowing a legal structure from the pachinko industry. As Bitbank warned users in June 2026 that Polymarket transactions risk account suspension, domestic platforms are filling the gap , but on a regulatory foundation the FSA has never formally blessed.
Dave Barr
5 min read
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