Hupzy (Spot On Chain)|Jun 05, 2026 05:55
๐จ South Korean police have opened the first criminal investigation into local users of Polymarket, the world's largest prediction market, on suspicion of illegal gambling.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: This sets a regulatory precedent that could chill prediction market participation across Asia. South Korea is one of the most crypto-active jurisdictions globally, and a criminal probe targeting users (not just the platform) signals escalation. With Polymarket's planned CFTC-approved perpetual contracts launch pending, regulatory scrutiny on the prediction market side could spill over into its broader product roadmap. Traders should watch whether other Asian jurisdictions follow.
--source: https://x.com/WuBlockchain/status/2062771889324613809
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