Japanese cryptocurrency exchange Bitbank will ban accounts associated with prediction markets.

CoinFeed reported on June 15th that Japanese cryptocurrency exchange Bitbank announced it will suspend user accounts found to have made deposits and withdrawals with decentralized prediction market platforms such as Polymarket. According to local media CoinPost, Bitbank stated that even if these services are located overseas, accessing them from Japan and profiting from them may be considered gambling. The company further emphasized that once an account is blocked, the user will lose all access to functions, including login, cryptocurrency and Japanese yen trading, and trading operations. Bitbank added that the exchange will not be liable for any losses incurred as a result of such bans.