South Korea has decided to block domestic access to Polymarket after authorities determined that its services facilitate activities considered illegal gambling under local law. The Korea Media and Communications Commission announced on August 18 that its Communications Deliberation Subcommittee had reviewed the platform and approved an access-blocking corrective measure. The commission stated that Polymarket’s structure, combined with wagers on events outside users’ control, encourages gambling behavior. The platform attempted to argue it was outside South Korean jurisdiction after removing Korean-language services and disabling payments in Korean won, but the commission rejected that position. Over 30 countries, including France, Australia, Germany, Italy, Indonesia, and Argentina, have also blocked or restricted Polymarket.
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