Prediction markets accelerate their expansion in Asia, with regulatory gray areas posing the biggest challenge

Deep Tide TechFlow message. April 04, according to Cointelegraph, prediction market platforms represented by Polymarket are actively expanding into Asia’s major economies. Polymarket has launched Chinese-language support, while PredicXion, a homegrown Asian platform, focuses on regional events to drive localized adoption. However, major markets such as China, India, South Korea, and Japan still lack clear regulatory frameworks specifically for blockchain prediction markets, and they generally impose strict restrictions on gambling activities. Local regulators have not yet clarified the legal boundary between prediction markets and gambling—if they are deemed to be information aggregation tools, they may obtain a regulatory pathway by being treated similarly to financial instruments; if they fall under the category of gambling, the scope for expansion will be significantly constrained.

Industry insiders point out that the fundamental difference between prediction markets and gambling is that prediction markets can reflect the collective expectations of real-world events and have informational value that goes beyond mere betting.