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Crypto
Polymarket pushes into Japan market, appoints local head
Prediction market platform Polymarket has appointed a local representative in Japan as it seeks government approval to operate there. Polymarket sees Japan as a key growth opportunity and is aiming to secure regulatory permission by 2030, The Block reported, citing Bloomberg. Its website currently lists Japan as a restricted region due to regulatory requirements and compliance with international sanctions. The move comes as Polymarket’s monthly trading volume has fallen, while rival Kalshi’s has risen.
Crypto
Polymarket builds insider-trading surveillance system with Chainalysis
Prediction market platform Polymarket is working with blockchain data company Chainalysis to build a surveillance system to monitor insider trading, fraud and market manipulation. Polymarket plans to use Chainalysis investigative tools to generate blockchain-verified evidence to submit to law enforcement agencies and regulators. The move comes as Polymarket seeks to raise $400 million at a $15 billion valuation and pursues re-entry to the U.S. market with approval from the U.S. Commodity Futures Trading Commission.
Crypto
Polymarket acquires prediction-market aggregated API startup Dome
Onchain prediction-market platform Polymarket has acquired Dome, a Y Combinator-backed startup that provides an aggregated API for prediction markets, The Block reported on Thursday. Financial terms were not disclosed. Dome helps developers build apps, bots, dashboards and trading tools that work across platforms such as Polymarket and Kalshi. Dome previously raised $500,000 from Y Combinator and $4.7 million in separate seed funding.