South Korea
TokenPost
Attorney Jeong Seung-man: "Polymarket Trading Is Highly Likely to Constitute Gambling"
- The Broadcasting Media and Communications Review Committee voted on August 18 to block domestic access to Polymarket.
- The committee said Polymarket's winner-take-all profit-and-loss structure for uncontrollable events, including politics, sports, elections, and weather, encourages speculative gambling behavior.
- Attorney Jeong Seung-man said most prediction activity on Polymarket is likely to satisfy the elements of a gambling offense under criminal law.