South Korea's KOCOA Reviews Polymarket for Potential Gambling Violations on May 21

According to officials from South Korea's Broadcast and Communications Commission (KOCOA), the agency began reviewing blockchain-based prediction market Polymarket on May 21 for potential violations of gambling regulations. Polymarket allows users to stake funds on event outcomes, with probabilities reflected in real-time pricing. The platform has previously been banned in the Netherlands and Argentina due to gambling concerns.
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