Opposition Leader Criticizes President for Turning Korean Stock Market
The South Korean stock market has become a “gambling den,” claimed the leader of the largest opposition party, while accusing President Lee Jae-myung of causing the problem.
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The South Korean stock market has become a “gambling den,” claimed the leader of the largest opposition party, while accusing President Lee Jae-myung of causing the problem.
South Korea’s Broadcasting, Media and Communications Review Committee will hear Polymarket’s response before deciding whether to take corrective action against the prediction market platform over gambling concerns.
South Korean island communities and famous fishing towns have become a hotbed of illegal gambling activity, police have warned.
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South Korean gambling addiction rates hit a new record high in 2025, while the number of alcoholics fell to its lowest level in a decade.
South Korea versus Mexico is one of the most exciting games to be looking forward to in the Group Stage, as both teams have concluded their opening games, and secured a win.
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.
Lawyers have warned South Koreans who trade contracts on prediction markets could face prosecution under gambling laws, after a Polymarket user won $160,000 on the outcome of the Seoul mayoral election.