Bitbank warns accounts may be suspended over Polymarket-linked transfers

Bitbank, one of Japan’s largest cryptocurrency exchanges, warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions because they may conflict with the country’s gambling laws. In a notice published on Monday, the exchange said it may restrict accounts that make deposits or withdrawals connected to prediction market services.

Users whose accounts are suspended would lose access to a wide range of services, including account logins, deposits, withdrawals and crypto trading. "We will not be liable for any damages incurred by our customers as a result of the account suspension measures," the exchange added.

The announcement urged customers to exercise caution when using external services and to avoid becoming involved in criminal activity or legal disputes.

Japan

bitbank, polymarket, japan, gambling laws, prediction market, account suspension, crypto exchange, deposits, withdrawals, crypto trading