According to Block Media, the Korea Communications Standards Commission stated on July 6 that before deciding whether to request corrective measures for Polymarket, it will give the platform an opportunity to submit opinions to confirm its operational methods and illegality. The commission said that given Polymarket has been likened to speculative gambling, it will decide whether to request corrective measures after reviewing the opinions and materials submitted by the platform. In addition to administrative review, Polymarket is also facing an investigation by South Korean investigative authorities on suspicion of illegal gambling.

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