SShortSingh.
Back to feed

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

0
·44 views

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.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Brooklyn prosecutors and FBI dismantle crypto fraud ring targeting Russian speakers

Brooklyn prosecutors and the FBI have taken down a large cryptocurrency fraud network that focused on Russian-speaking victims. According to the allegations, the operation drew people in through Russian-language Facebook advertisements and posed as financial advisers. The scheme is said to have stolen tens of millions of dollars from its targets. Victims were then approached a second time with false offers to recover their lost funds.