深潮TechFlow|9月 17, 2026 09:51
[South Korean Police Hand Over 18 Polymarket Users to Prosecutors]
According to Deep Tide TechFlow on September 17, citing a report from Cointelegraph, South Korean police have launched an investigation into the illegal gambling case involving Polymarket. The case involves 26 users, with total bets amounting to approximately 1.76 billion KRW (around $12.7 million), and the highest single-user bet reaching 570 million KRW (around $4.1 million). Currently, the Gangwon Provincial Police Agency has handed over 18 users to the prosecutors. The police identified the users involved by analyzing public blockchain transaction records. South Korean authorities have determined that Polymarket's trading activities violate the gambling provisions under the Criminal Code and blocked the platform on August 18. Polymarket, on the other hand, argued that it operates as a crypto derivatives investment market and does not provide Korean language services or accept payments in KRW, but these defenses were not accepted by the authorities.
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