Taiwan Blocks Coinbase and Kalshi Over Bets on Its November Elections

Taiwanese authorities have blocked access to Coinbase and Kalshi websites under a court order tied to police investigations into election betting, six weeks before the island's Nov. 28 local elections. Kalshi's own member agreement already prohibits Taiwanese users, yet it still listed markets on the races. The move highlights rising regulatory scrutiny of prediction markets and crypto platforms in Asia, a modest negative for Coinbase's international expansion narrative and for sector sentiment.