South Korea Blocks Polymarket Over Illegal Gambling Concerns
- —KCSC voted on August 18 to restrict access to Polymarket
- —Regulator said election, sports and weather markets resemble gambling
- —France, Australia and Germany blocked the platform in 2025
- —Kalshi's crypto volume share rose from under 10% to over 92%
Why it matters: Regulatory pressure on prediction markets is mounting while Kalshi's surge threatens Polymarket's market share.
Source: The Coin Republic
More on this
Regulation · Sep 24New York sues Polymarket over alleged illegal gambling
Regulation · Sep 16Lawyer: Buying Polymarket positions may constitute illegal gambling under Korean law
Regulation · Sep 29South Korea's debt relief fund skips crypto checks on borrowers, raising write-off concerns