[Japanese Liberal Democratic Party Legislators to Discuss Prediction Market Regulation, Focusing on Gambling-Related Laws] The Japanese Liberal Democratic Party legislators' group, the 'Advanced Digital Finance Alliance,' plans to include prediction markets as a discussion topic to study their legal status and regulatory approach in Japan. Current Japanese laws do not explicitly address prediction markets, and related activities may fall under gambling offenses as defined in the Penal Code. The group intends to gather opinions from major companies in the U.S. and Japan to address issues such as market access, compliance, and institutional development. Executives from Kalshi and Polymarket are scheduled to visit Japan in the near future. (Source: NADA NEWS)
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