Criticized Polymarket wants to expand beyond the US and establish itself in Japan by 2030

The company is said to have begun lobbying to establish itself in Japan, aiming to be present by 2030, writes the news agency Bloomberg.

Polymarket and its competitor Kalshi operate prediction markets where customers can bet on the probability of certain events occurring. In addition to betting on various sporting events, they have drawn attention for markets on political and war-related events, for example whether Venezuela's authoritarian leader Nicolás Maduro would be allowed to leave his post. Another example is the oil market. There have also been suspicions that insider information has been shared, and the White House recently warned its employees against using information to place bets on these sites.