According to sources familiar with the matter, prediction market platform Polymarket has established a representative office in Japan and is lobbying for the legalization of its prediction market business there. The specific plans have not yet been made public. Polymarket aims to obtain approval from the Japanese government by 2030, believing Japan to be a market with significant untapped potential.

Odaily Planet Daily reports that prediction market platform Polymarket is seeking approval from the Japanese government and plans to operate its prediction market business in Japan by 2030. It has already appointed local representatives to lobby for approval. The report states that Polymarket considers Japan an important, yet underdeveloped market. Due to Japan's strict regulations on gambling, Polymarket currently blocks Japanese users from participating in prediction market transactions. Under Japanese criminal law, habitual gambling can be punished with up to three years in prison, while operating a gambling business can be punished with up to five years in prison. A Polymarket spokesperson stated that the company has observed "substantial natural interest" from users in Japan and other Asian regions and continues to evaluate opportunities to expand global market access in a compliant manner. (Bloomberg)

Odaily reports that the Korea Communications Standards Commission (KSC) is investigating whether the prediction market platform Polymarket is involved in illegal predictions. The report states that the agency has formally launched an investigation to assess whether the Polymarket platform constitutes gambling or violates relevant South Korean laws. This is yet another instance of regulatory pressure facing Polymarket recently. (Bloomberg)

According to Odaily Planet Daily, Polymarket official Mustafa stated on X that a "taker fee rebate program" will be launched next week, offering users who directly take trades a rebate of up to 50% of their commission. According to data disclosed by Mustafa, to trigger the taker fee rebate, a user's weighted trading volume over the past 30 days needs to exceed $2,000; to trigger the highest level (50%), the weighted trading volume over the past 30 days needs to exceed $10 million.

According to Huoxun Finance, legal experts say that if the investigation finds Polymarket to be in violation of regulations, it may face the risk of being blocked in South Korea or even forced to withdraw from the local market. Currently, several countries, including France, Germany, and Italy, have already listed it as an illegal gambling website and blocked access.

Odaily Planet Daily reports that the U.S. Commodity Futures Trading Commission (CFTC) and the National Hockey League (NHL) have signed a memorandum of understanding to strengthen the regulation of the prediction market. The two organizations will enhance information sharing and collaboration to maintain the fairness and integrity of the professional hockey games and related event contracts market. This includes strengthening their existing event integrity monitoring system and improving their ability to identify, prevent, and respond to potential risks. With the continued rise in popularity of platforms such as Kalshi and Polymarket, especially after the 2024 U.S. presidential election cycle, the sports and event prediction market is rapidly entering the mainstream financial and regulatory purview. (The Block)

According to Odaily Planet Daily, bettors on the prediction website Polymarket predict that SpaceX's market capitalization will almost certainly exceed $1 trillion upon its IPO, with a 73% probability of surpassing $2 trillion. These bets are linked to SpaceX's closing market capitalization on its first day of trading. The company plans to list in June, with an expected target valuation exceeding $1.5 trillion. Furthermore, data from Polymarket shows a 17% probability of its market capitalization exceeding $3 trillion and a 2% probability of exceeding $4 trillion. The prediction website launched betting on SpaceX's market capitalization approximately two weeks ago, but trading in these contracts is currently thin, possibly indicating that outsiders are cautiously optimistic about these probabilities. If SpaceX's market capitalization does indeed exceed $2 trillion, its size will surpass at least two of the seven largest U.S. stocks: Meta Platforms (META.O) and Tesla (TSLA.O), whose current market capitalizations are approximately $1.5 trillion and $1.6 trillion, respectively. (Jinshi)

According to Huoxun Finance, Dr. Han, founder and CEO of Gate, stated that the crypto industry is transitioning from infrastructure development to real-world application implementation, and he is most optimistic about prediction markets and Real-World Assets (RWAs) for the future. He believes that RWA trading volume could increase 100-fold in the next 2 to 5 years, even exceeding the trading volume of cryptocurrencies themselves. As on-chain infrastructure matures, more traditional assets will be added to the blockchain, driving the industry's growth logic from asset speculation to the flow of real value. Gate has already made relevant arrangements. As the first CEX to connect to the prediction market platform Polymarket, its cooperation channels have consistently ranked among the top three, and users can participate in prediction markets directly through the Gate App. Meanwhile, Gate's Pre-IPOs digital subscription mechanism has launched its first project, SpaceX (SPCX), raising nearly $395 million, continuously expanding the integration scenarios of crypto and traditional finance.

According to Odaily Planet Daily, Gate founder and CEO Dr. Han stated that the crypto industry is gradually moving from the infrastructure construction phase to the real-world application implementation phase, with prediction markets and real-world assets (RWA) being the most promising areas for the future. Dr. Han proposed, "In the next 2 to 5 years, RWA trading volume could grow 100 times, even exceeding the trading volume of cryptocurrencies themselves." He believes that as on-chain infrastructure matures, more traditional assets will enter the blockchain system, driving the industry's growth logic from asset speculation to the flow of real value. Gate has been continuously advancing its related initiatives in line with this trend. As the first CEX platform to integrate with Polymarket, Gate has consistently ranked among the top three in its partner channels, allowing users to directly participate in prediction markets through the Gate App. Simultaneously, Gate's Pre-IPOs digital subscription mechanism has launched its first project, SpaceX (SPCX), raising nearly $395 million, continuously expanding the integration scenarios between crypto and traditional finance. (Cointelegraph)

According to Huoxun Finance, prediction market platform Polymarket has submitted a self-certification document to the U.S. Commodity Futures Trading Commission (CFTC) to apply for listing on stock trading platforms for sports event contracts in the United States. Stock trading involves a combination of two or more underlying sports event contracts, settling at $1 only if all the set sub-events occur; otherwise, the contract is worthless. Because it is a self-certification process, this move is to notify the CFTC of the listing plan rather than to apply for approval. The document indicates that the listing date will not be earlier than May 21, 2026.

Odaily Planet Daily reports that prediction market provider Polymarket filed a self-certification document with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday, applying to list sports event contract parity trading, also known as multi-condition combination prediction contracts, in the United States. Polymarket stated that the product consists of two or more underlying sports event contracts, and the contract will only settle at $1 if all the set sub-events occur correctly; otherwise, it will be worthless. The document indicates that the listing date will not be earlier than May 21, 2026. Another document shows that Polymarket has requested the CFTC to keep the relevant exhibits confidential due to trade secrets. (CoinDesk)

According to Huoxun Finance, Dr. Han, founder and CEO of Gate, stated in an interview that the crypto industry is shifting from speculation-driven to infrastructure construction and real-world applications. He pointed out that stablecoins, RWA, AI, and asset tokenization are the core directions of the current industry, and a clearer regulatory framework is expected to drive DeFi, payments, and on-chain financial innovation. He also mentioned that high user entry barriers, security risks, and fragmented liquidity remain significant challenges for the industry. In the future, the crypto industry will integrate more deeply with traditional finance, playing a more important role in areas such as payments, settlements, and digital asset circulation. Gate is currently deepening its multi-asset and traditional financial layout. In addition to expanding into stocks, metals, foreign exchange, indices, and commodities, it has launched Pre-IPOs and listed its first project, SpaceX (SPCX). As one of the first CEX platforms to connect to Polymarket, it is driving the development of the prediction market ecosystem and accelerating the construction of a comprehensive trading platform covering both crypto and traditional finance.

According to a recent video interview with Cointelegraph, Dr. Han, founder and CEO of Gate, stated that the crypto industry is gradually shifting from a speculative market to a phase focused on infrastructure development and real-world applications. Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming core directions for the industry, while a clearer regulatory framework (such as the CLARITY Act) is expected to further promote DeFi, payments, and on-chain financial innovation. Dr. Han also mentioned that high user entry barriers, security risks, and fragmented liquidity remain significant challenges for the industry. In the future, the crypto industry will further integrate with traditional finance and play a more important role in areas such as payments, settlements, and digital asset circulation. Gate continues to deepen its multi-asset and TradeFi footprint, expanding into stocks, metals, forex, indices, and commodities, and has launched Pre-IPOs with its first project, SpaceX (SPCX). Meanwhile, as one of the first CEX platforms to connect to Polymarket, Gate is continuously driving the development of the prediction market ecosystem and accelerating the construction of a comprehensive trading platform covering both crypto and traditional finance.

According to Odaily Planet Daily, the official website of Polymarket will undergo maintenance at 20:10 today, and trading will be suspended for up to 15 minutes.

According to the latest data from Gate's prediction market, in the "Canadian Grand Prix: Drivers' Championship" prediction market, Kimi Antonelli currently leads with a 34% probability, followed closely by George Russell at 32%. Lando Norris has 14%, while Max Verstappen and Oscar Piastri are both at 9%. As the first CEX platform to integrate with Polymarket, Gate has consistently ranked among the top three in Polymarket's partner channels, with significant growth in user participation, reflecting the increasing activity and depth of user engagement in the prediction market. Currently, users can directly access the prediction market through the Gate App, entering the Polymarket page from the platform's homepage alpha, and participating in event predictions using USDT from their exchange accounts. Gate continues to optimize its prediction market functionality and ecosystem, providing users with a diversified market experience from prediction and trading participation.

Odaily Planet Daily reports that the U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Minnesota, Governor Tim Walz, Attorney General Keith Ellison, and Director of Public Safety Jon Anglin. The lawsuit stems from Minnesota's passage of SF 4760, a bill imposing a blanket ban on prediction markets. This bill prohibits advertising, creating, operating, or promoting prediction market platforms, and considers event contracts on platforms such as Kalshi and Polymarket as betting, prohibiting them. It was originally scheduled to take effect on August 1st. In its lawsuit, the CFTC argues that it has exclusive jurisdiction over prediction markets under the Commodity Exchange Act and is requesting the court to block the state law. (cointelegraph)

According to Huoxun Finance, Polymarket has partnered with Nasdaq to launch a prediction market for private companies, allowing users to trade on topics such as company valuations, IPO timings, and secondary market valuations.

Odaily Planet Daily reports that Polymarket has partnered with Nasdaq to launch a prediction market for privately held companies. The new market will cover milestones such as private company valuations, IPO timelines, and secondary market activity. Nasdaq Private Market will serve as the settlement data provider for Polymarket's private company prediction market. (Reuters)

According to a recent research report by Bernstein, the US CLARITY Act's compromise on stablecoin yields structurally benefits Circle and the USDC ecosystem. The Act prohibits stablecoin issuers from paying deposit-like interest to passive holders, but allows for real transactions and related rewards, recognizes Circle's existing USDC reward model, and restricts high-yield competition within the industry. The Act strengthens the stablecoin's role as a payment tool and protects Circle's reserve yield business model. Bernstein maintains its "Outperform" rating on Circle and a target price of $190. Currently, the global supply of USD stablecoins exceeds $300 billion, with USDT and USDC accounting for approximately 97%. USDC's share in on-chain payments and wallet transfers continues to increase, accounting for over 99% in the AI Agent payment protocol x402. Circle's ARC chain testnet has completed 244 million transactions, and the ARC token pre-sale raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock. However, the bill still needs to go through procedures such as a 60-vote vote in the Senate and coordination with the House version before it can be formally enacted. Polymarket predicts that it has a 62% chance of passing in 2026.