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According to NADA NEWS, the Liberal Democratic Party's parliamentary group, the "Digital Advanced Financial Parliamentary Alliance," intends to place prediction markets on its discussion agenda to examine their legal status and regulatory framework in Japan. Japan's existing laws have not yet explicitly defined prediction markets, and related operations could potentially constitute the crime of gambling under the Penal Code.
According to NADA NEWS, the Japan Financial Services Agency announced on August 5 that it will officially establish the "Crypto Assets and Stablecoins Division" on August 7, placing it under the jurisdiction of the newly established Asset Management and Insurance Supervision Bureau. This organizational restructuring marks a substantive upgrade of Japan's crypto asset regulatory system—relevant functions previously dispersed among multiple affiliated bodies such as the "Crypto Assets, Blockchain, and Innovation Counselor Office" and the "Crypto Assets Monitoring Office" are now formally integrated into an independent division-level department. The newly established division comprises three sub-departments: the "Crypto Assets Monitoring Office" responsible for exchange supervision, the "Innovation Promotion Office," and the "Digital Payment Planning Office." The Financial Services Agency stated that this restructuring aims to address new challenges more precisely, such as the rapid development of digital technology in the financial sector and the strengthening of regulation over financial institutions.