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Japanese platforms expand point-based prediction games amid gambling restrictions

Regulation

Point-based prediction platforms are gaining users in Japan, with services offering virtual points redeemable for gift cards or retail rewards rather than cash, the report said. Startup Miraima launched in November and had nearly one million monthly users within seven months; rivals Poyp and Gumi introduced platforms in March and June respectively. Legal experts warned that reward value could still prompt regulatory scrutiny.

Operators considering Japan must weigh the distinction between virtual-point products and rewards that may carry monetary value.

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Regulation

Kalshi records $25.3bn in parlay trading during midterm period

Kalshi recorded more than $1.1 billion in election trading during the 10 days around the US midterms, while parlays generated $25.3 billion over the same period, according to analysis of prediction-market data. Election trading accounted for 3% of platform volume; volume measures contracts exchanged, not revenue retained by the platform.

Kalshi processed more than $1.1 billion on elections during the 10 days surrounding the midterms, only 3% of the platform's volume. Over the same period, Kalshi processed $25.3 billion in parlays and also $6.1 billion in non-parlay sports contracts.

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