South Korea just voted to block Polymarket access nationwide.
Their reasoning? "Illegal gambling environment."
Another reminder that prediction markets are still fighting regulatory battles in major jurisdictions. Korea joins the list of countries cracking down on decentralized betting platforms.
If you're in SK and trading on Polymarket, VPNs about to be your best friend. Or just accept the L and move on.
This won't kill Polymarket globally, but it's a signal that governments are watching these platforms closely. Expect more friction as adoption grows.
Their reasoning? "Illegal gambling environment."
Another reminder that prediction markets are still fighting regulatory battles in major jurisdictions. Korea joins the list of countries cracking down on decentralized betting platforms.
If you're in SK and trading on Polymarket, VPNs about to be your best friend. Or just accept the L and move on.
This won't kill Polymarket globally, but it's a signal that governments are watching these platforms closely. Expect more friction as adoption grows.