South Korea’s Korea Communications Standards Commission has opened a formal review of Polymarket, focusing on whether election-related prediction contracts may violate domestic anti-gambling law.
South Korea’s Korea Communications Standards Commission has launched a formal review of Polymarket over possible illegal gambling content. The assessment is examining whether the prediction market violates domestic anti-gambling law, and the review comes as Polymarket lists contracts tied to South Korea’s June local elections. The case adds specificity to the country’s scrutiny of crypto-linked prediction platforms by linking the review to election-related markets and potential gambling-law violations.