After announcing a probe into Polymarket and Kalshi, the South Korean police are now looking into individual traders and whether they have broken the country’s strict gambling laws by opening accounts and participating in trades conducted on the prediction market platforms.
The South Korean police have expanded their investigation beyond Polymarket and Kalshi to focus on individual traders. They are examining whether these traders violated the country's stringent gambling regulations by creating accounts and engaging in transactions on prediction market platforms. This investigative shift mirrors Japan's approach, which has been monitoring similar activities for some time.
