深潮TechFlow|May 22, 2026 09:30
[South Korean Regulators Launch Investigation into Polymarket to Determine Violation of Anti-Gambling Laws]
According to Deep Tide TechFlow on May 22, as reported by Bloomberg, the Korea Communications Standards Commission has officially launched an investigation into the prediction market platform Polymarket to determine whether it provides illegal gambling content and violates South Korean laws. The report states that South Korea will hold local elections in June, and several trading markets related to election outcomes have already appeared on Polymarket, where users can place bets on results using crypto assets. South Korea enforces strict anti-gambling regulations, allowing only government-approved forms such as horse racing and sports betting. Polymarket previously stated that its market prices are determined by participant trading, and the platform itself does not set odds.
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