South Korea weighs action against Polymarket over gambling concerns
South Korea’s media and communications review body will hear from Polymarket before deciding whether to issue a corrective request against the prediction market platform.
South Korea’s media and communications review body said it will hear from Polymarket before deciding whether to take corrective action against the prediction market platform.
On Monday, the Broadcasting, Media and Communications Review Committee said it would allow Polymarket to submit its position before making a final decision on a corrective request regarding gambling concerns.
“We decided to provide an opportunity for Polymarket to submit its opinion to thoroughly verify the legality of Polymarket and the way the service is operated,” the committee said, according to a machine translation of the press release.
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