Limitless CEO proposes institutional-only prediction markets in South Korea
- —Limitless proposes restricting Korean prediction markets to institutional investors only
- —Sports events and retail trading would be excluded from the market
- —The company is preparing a US exchange for institutional clients pending regulatory approval
- —Limitless Research is studying ways to keep Korean capital from flowing to offshore platforms
Why it matters: If Korea opens prediction markets to institutions, it would create a new crypto infrastructure segment and curb capital outflows to offshore venues like Polymarket.
Source: Bloomingbit