South Korean Authorities Decide to Block Access to Polymarket, Citing Illegal Gambling

South Korean cryptocurrency media outlet Digital Asset reported on the 18th that the Korea Communications Standards Commission (KCSC) convened a subcommittee meeting and recognized that the prediction market platform 'Polymarket' was providing an illegal gambling environment within South Korea. Consequently, the commission voted to demand a correction by blocking access to the service. The committee identified that the company's service was assisting in gambling and establishing gambling places, which are offenses under the criminal law, and also involved activities similar to those prohibited under the National Sports Promotion Act...