South Korea blocks Polymarket, joining 30+ jurisdictions banning prediction platform

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South Korea has become the latest country to restrict access to Polymarket, the crypto-based prediction market platform. The country joins a growing list of over 30 jurisdictions worldwide that have moved to block the service. Polymarket had argued in its defense that its operations are peer-to-peer in nature, but South Korean regulators dismissed this claim. Authorities contended that Polymarket effectively controls market rules and facilitates crypto-enabled gambling activity, making it subject to local restrictions.

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