South Korea Reviews Polymarket Over Gambling Risks - Crypto Economy

South Korea’s Broadcast Media Communications Standards Commission has opened a legality review of Polymarket, Digital Today reported July 6. The review comes before any corrective request and gives the platform operator a formal chance to explain its service model.

The review centers on allegations that the overseas prediction-market platform may involve speculative gambling characteristics. For Korean regulators, the practical issue is whether Polymarket’s event-based trading structure crosses from crypto market activity into a restricted gambling-like service, making the classification question central to any enforcement path.

The committee plans to hear the operator’s position before deciding whether to issue a corrective request. The next checkpoint is the review of Polymarket’s submission and related materials, because regulatory action remains pending rather than settled.

Source: Digital Today.


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