South Korea Shifts Polymarket Scrutiny From Users to Platform

South Korea Shifts Polymarket Scrutiny From Users to Platform

South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market platform.  On Monday, the Broadcasting, Media and Communications Review Committee said it would allow Polymarket to submit its position before making a final decision on a corrective request regarding gambling concerns.  “We decided to provide an opportunity for Polymarket to submit …

South Korea Considers Measures Against Polymarket Over Gambling Rules

South Korea’s Broadcasting, Media and Communications Review Committee has opened a formal review process involving Polymarket, signaling that regulators are preparing to assess whether the prediction market platform violates local gambling rules. The committee said it will first hear...

Polymarket to get its day in court as South Korea delays decision

South Korea’s media regulator, the Korea Communications Standards Commission (KCSC), is considering banning Polymarket in the country, but it will let the company argue its case before deciding.   The main issue is whether or not the crypto prediction market breaks South Korea’s gambling laws. South Korean law bans nearly all gambling except state-run channels like horse racing and the lottery. Why does South Korea want to ban Polymarket?  The K…

South Korea Shifts Polymarket Scrutiny From Users to Platform - Invest In Crypto News

South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market platform.  On Monday, the Broadcasting, Media and Communications Review Committee said it would allow Polymarket to submit its position before making a final decision on a corrective request regarding gambling concerns.  “We decided to provide an opportunity for Polymarket to submit …

South Korea opens hearing process in Polymarket gambling review

South Korea has delayed any enforcement decision against Polymarket after giving the prediction market platform a chance to respond to concerns that its service may violate the country’s gambling laws. According to the Broadcasting, Media and Communications Review Committee, it…