Prediction markets are pushing into Asia’s largest economies, even as local gambling laws place strict limits on betting activities.
Asia represents a combination of scale, active retail participation and limited local alternatives, making it too large to ignore despite regulatory risks.
That’s a similar pattern seen in crypto, where technology moved faster than regulation and licensing frameworks, prompting exchanges to enter markets before clear rules were in place.
Like many startups, the industry’s heavyweights adopted the “better to ask for forgiveness than permission” approach to scale.
Polymarket, one of the fastest-growing platforms, is already recording over $1 billion in weekly volume. It has introduced Chinese-language support, while newer entrants like PredicXion…
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Source cointelegraph.com
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