Pokémon Card Trading Mania Is So Insane Japan’s Government Wants To Step In
Japan is now floating imposing new regulations on its trading card market amid the surging value of the items driving counterfeiting and alleged money laundering, Bloomberg reported Thursday.
Japan is now floating imposing new regulations on its trading card market amid the surging value of the items driving counterfeiting and alleged money laundering, Bloomberg reported Thursday.
A new ruling Liberal Democratic Party caucus in Japan formed to investigate the matter claimed in a statement that “trading cards are no longer simply consumer products,” Bloomberg reported. The trading card market’s “rapid expansion and the growing asset value of trading cards have given rise to problems that cannot be ignored,” according to the group’s statement.
The report comes as demand for Pokémon cards has continued to soar globally, CNN reported in February. Pokémon, which originated in Japan, is currently the highest-grossing media franchise worldwide, with lifetime revenues surpassing $147 billion, according to The Times.
The Pokémon Company did not respond to the Daily Caller News Foundation’s request for comment.
YouTube star and wrestler Logan Paul’s rare Pikachu Illustrator Pokémon card sold at Goldin Auctions for a whopping $16.5 million in February, the Associated Press (AP) reported