BlockBeats News, May 22nd, according to Bloomberg, Polymarket has appointed a representative in Japan and is preparing to lobby government agencies to approve the legalization of prediction markets in the country.

The source, who spoke on condition of anonymity as the plans have not been made public yet, stated that Polymarket aims to obtain approval from the Japanese government by 2030. The source mentioned that Polymarket sees Japan as a market opportunity that is still underdeveloped and has significant potential.