Korean police open cases against 26 Polymarket users, 18 referred to prosecutors
- —26 Polymarket users are under investigation, 18 referred to prosecutors
- —Total betting volume was about 17.6 billion won, with one user at 5.7 billion won
- —Users were identified through analysis of public blockchain data (OSINT)
- —The KCSC blocked Polymarket on August 18, ruling its winner-takes-all model gambling
Why it matters: The case shows regulators can pursue prediction market users, weighing on the sector and tokens such as POLY.
Source: PANews
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