Taiwan blocks Coinbase and Kalshi websites over suspected election betting
Taiwanese authorities have blocked access to the websites of Coinbase and Kalshi amid suspicions that the platforms facilitate election prediction markets in violation of local law.
Taiwan has moved to block the websites of crypto exchange Coinbase and prediction platform Kalshi over concerns surrounding election betting. Authorities acted on suspicions that the platforms are facilitating election prediction markets in violation of local law, according to reports by Quartz and Bloomberg.[1][2][3]
The restrictions arrive just weeks ahead of local elections in Taiwan, which Bloomberg noted will serve as a test of support for President Lai Ching-te's administration. Crypto Briefing reported that the move underscores growing tension between innovation in prediction markets and regulatory enforcement aimed at safeguarding election integrity.[1][3]
Key facts
- Taiwan has blocked access to the websites of Coinbase and Kalshi.
- The blocks were enacted over suspicions that the platforms are facilitating election prediction markets in violation of local law.
- The enforcement comes weeks ahead of local polls testing support for President Lai Ching-te's government.
Sources · 3 sources
- CB
Crypto BriefingArticle ·
Taiwan blocks Coinbase and Kalshi websites over election betting concerns Taiwan's action highlights the tension between innovation in prediction markets and regulatory frameworks prioritizing election integrity. The post Taiwan blocks Coinbase and Kalshi websites over election betting concerns appeared first on Crypto Briefing .
Open source - QU
Quartz@qzPost on X ·
Taiwan blocks Coinbase and Kalshi over suspected election betting: Taiwan has moved to block access to Coinbase and Kalshi, citing suspicions that the platforms are facilitating election prediction markets in violation of local law. The action puts two of the… dlvr.it/TVwsym https://t.co/XR90RZS44j
Open source - BL
Bloomberg@businessPost on X ·
Taiwan has blocked the websites of Coinbase and Kalshi over suspected election betting, weeks before local polls that will test support for President Lai Ching-te’s government. https://t.co/El1axiLKyj
Open source