Tokyo Gaming Giant Gumi Targets Prediction Markets — Legal Minefield Ahead?

Core Insights - Gumi is exploring blockchain-based prediction market services through its subsidiary Gc Labs, joining a growing trend among regional players in the sector [1] - Trump Media and Technology Group plans to integrate prediction markets into its Truth Social platform, indicating a shift towards mainstream technology adoption [3] - The prediction market sector has seen significant institutional investment, with Polymarket securing up to $2 billion from Intercontinental Exchange [2] Company Developments - Gumi's proposed platform aims to allow users to forecast events in various domains such as politics, economics, entertainment, and social issues [5] - Gumi plans to conduct joint verification experiments with media companies, data analytics firms, and research institutions, although no specific launch timeline has been provided [5] Industry Trends - The prediction market sector is gaining momentum in Asia, with platforms like Myriad launching on BNB Chain to cater to regional users [3] - Kalshi, a US-based company, raised $300 million at a $5 billion valuation and is expanding to over 140 countries, including China and India, despite potential legal challenges [4]