PANews reported on June 15 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 outlet CoinPost, Bitbank stated that even if these services are located overseas, accessing them from Japan and profiting from them could be considered gambling. The company further emphasized that once an account is banned, the user will lose access to all functions, including login, cryptocurrency and yen trading, and transaction operations. Bitbank added that the exchange will not be liable for any losses incurred as a result of such bans.