South Korean Police Identify Polymarket Traders via Blockchain
- —26 people detained, 18 referred to prosecutors under illegal gambling charges
- —Total bets by those detained — $12.7 million, largest trader — $4.1 million
- —Police used public blockchain analysis, not operator data
- —Polymarket's block in Korea was imposed on August 18, after the investigation began
Why it matters: A precedent: regulators can pursue prediction market users through on-chain analytics, increasing risks for traders worldwide.
Source: Bitcoin.com