Prediction markets are pushing into Asia’s largest economies even as local gambling laws impose strict limits on traditional betting activities. The region’s combination of scale, active retail participation, and limited local alternatives creates a compelling case for prediction markets to grow, though regulatory risk remains a defining factor.That dynamic mirrors a broader pattern in crypto where technology often outpaces licensing and oversight. Polymarket, one of the fastest-growing platforms, is already recording weekly volumes above $1 billion and has added Chinese-language support. New entrants like PredicXion are betting that region-focused events will help unlock adoption in markets where localization matters just…