Japan Launches Points-Based Prediction Markets to Bypass Gambling Ban

Points-Based Forecasting Model

Local Japanese applications have launched a points-based prediction market system to comply with national gambling restrictions. The Miraima platform debuted seven months ago and currently records nearly one million monthly users. Real-money forecasting services such as Polymarket and Kalshi face legal barriers in the region, prompting domestic developers to design an alternative structure.

Regulatory Compliance and Industry Parallels

Users make predictions without monetary deposits and earn virtual points for accurate forecasts. These points are redeemed for gift cards rather than direct cash payouts. This arrangement eliminates inbound and outbound money flows, which prevents the activation of gambling legislation. The framework mirrors the established pachinko industry model, where players receive prizes that can be exchanged for currency at separate locations. Japanese regulators have permitted this structure for several decades and are now monitoring its application to digital forecasting platforms.

Future Market Access

Polymarket continues to pursue formal market entry through legislative lobbying, with approval targeted before 2030. The points-based approach remains the primary legal pathway for domestic prediction services while regulatory frameworks are updated.