South Korea to hear Polymarket before deciding corrective action over gambling concerns
South Korea is moving from concern to process: the Broadcasting, Media and Communications Review Committee will hear from Polymarket before deciding whether to issue a corrective request tied to gambling concerns.
The committee’s step signals intensified regulatory scrutiny of prediction market platforms in the country. By allowing Polymarket to submit its position, the regulator aims to thoroughly verify the legality of Polymarket and how the service is operated—potentially leading to operational changes or restrictions if the findings don’t align with the committee’s view.
“We decided to provide an opportunity for Polymarket to submit its opinion to thoroughly verify the legality of Polymarket and the way the service is operated,” the committee said, according to a machine translation of the press release.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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