On the 18th, Digital Asset, a South Korean cryptocurrency media outlet, reported that the Korea Communications Standards Commission (KCSC) convened its subcommittee to review communications and ruled that the prediction market platform 'Polymarket' was providing an illegal gambling environment within South Korea. Consequently, they voted to demand a correction by blocking its access.
The committee argued that the company's services were assisting in gambling and establishing gambling places, which are offenses under the Criminal Code, and were aimed at activities similar to those prohibited under the National Sports Promotion Act...
