South Korean Police Opens First Criminal Probe into Domestic Polymarket Users Over Illegal Gambling

TLDR: South Korean police launched their first-ever criminal investigation into domestic Polymarket users for illegal gambling. Local users face fines of up to 10 million won under Article 246 of South Korea’s Criminal Act. Bets on South Korea’s June 3 local elections reached hundreds of billions of won on Polymarket. Polymarket remains fully accessible in [...]

The post South Korean Police Opens First Criminal Probe into Domestic Polymarket Users Over Illegal Gambling appeared first on Blockonomi.