South Korea just nuked $POLY nationwide.

Their reasoning? Winner-takes-all structure = illegal gambling under 2 laws.

$POLY tried the classic defense:
- Noncustodial ✓
- No KRW accepted ✓
- Decentralized ✓

Government's response: "Decentralized ≠ Above the law."

10+ countries have now banned or restricted Polymarket.

Prediction markets fighting for survival. Regulatory chokehold tightening globally.

Decentralization theater vs. real-world enforcement. Guess who's winning.