CoinDesk·3 min read·medium
South Korea joins more than 30 jurisdictions restricting Polymarket access
F
Francisco Rodrigues
✦AI Summary
South Korea has joined over 30 other jurisdictions in restricting access to the prediction market platform Polymarket. Regulators cited concerns that the platform facilitates illegal gambling and speculative behavior, despite the company's efforts to remove local language support and fiat currency payments.
The Korea Media and Communications Standards Commission approved the move after finding that Polymarket facilitates gambling and the operation of gambling venues under the country’s Criminal Act along with similar categories under the National Sports Promotion Act, according to local reports .
cryptobusinessworld
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