The undisputed growth of prediction markets has attracted the attention of South Korean authorities, who will now review the Polymarket platform to determine whether its products violate the local law.
With less than a month to go until the South Korean elections, gambling is becoming a hot topic, with candidates accusing one another of wrongdoing and the President weighing in with comments.
Asian gamblers are heading to the subtropical South Korean island province of Jeju en masse, with a top casino operator raking in record-breaking quarterly profits.
South Korean Prime Minister Kim Min-seok has instructed the nation’s gambling regulator to address the increase in youth gambling by establishing a 'safety net.'
Controversy over alleged casino visits is driving tensions ahead of next month’s South Korean elections.
