South Korea opens cases against 26 Polymarket users over $12.7M in bets
- —26 Polymarket users face criminal cases, 18 referred to prosecutors
- —Total bets were about 17.6 billion won ($12.7 million), the largest at $4.1 million
- —Police traced Korean users through public blockchain data
- —Access to Polymarket was blocked in the country on August 18
Why it matters: The case sets a precedent: a court will decide whether prediction-market trading is gambling, affecting access to such platforms in Asia.
Source: Cryptonews.net