Taiwan has blocked access to prediction market platform Kalshi and cryptocurrency exchange Coinbase over suspected election betting. A New Taipei court authorized Taiwan’s communications regulator and internet registry to impose these restrictions ahead of November’s local elections. The Criminal Investigation Bureau cited suspected violations of the Public Officials Election and Recall Act. In Taiwan, betting on election results carries up to six months imprisonment for bettors and up to five years for organizers. These measures add to the distinct regulatory challenges Kalshi faces in the United States, where the CFTC and the New York attorney general have initiated proceedings against the platform.
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