Japan's Liberal Democratic Party's Parliamentary League for Digital and Advanced Finance is expected to discuss prediction markets, which involve trading based on predictions of future events such as election results, economic indicators, and Bitcoin (BTC) prices, as a review agenda, local media Nada News reported, citing party officials. The discussion on institutionalization has not yet fully begun; the initial plan is to share relevant information and understand market trends. In the future, it is expected to gather opinions from U.S. prediction market platforms Kalshi and Polymarket, as well as Japanese operators, to organize the key issues. In Japan, a major point of contention is that prediction markets could fall under gambling according to current law.
