[Korea Communications Standards Commission Launches Review of Polymarket] BlockBeats News, May 22: The Korea Communications Standards Commission has initiated a review of the prediction market platform Polymarket to determine whether it constitutes illegal gambling under domestic Korean law. This review stems from multiple recent complaints, and the commission is referencing precedents from countries such as France, Germany, and Italy, which have blocked access to Polymarket. Industry insiders are concerned that this review could lead to Polymarket being blocked in Korea, effectively pushing it out of the Korean market. Lawyers have noted that if the platform provides localized services targeting Korean users, it could fall under regulatory jurisdiction even if its servers are located overseas. [Original Link]