{"id":644825,"date":"2026-08-18T08:52:46","date_gmt":"2026-08-18T08:52:46","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/08\/18\/south-korea-moves-to-block-polymarket-over-gambling-concerns\/"},"modified":"2026-08-18T08:52:46","modified_gmt":"2026-08-18T08:52:46","slug":"south-korea-moves-to-block-polymarket-over-gambling-concerns","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/08\/18\/south-korea-moves-to-block-polymarket-over-gambling-concerns\/","title":{"rendered":"South Korea moves to block Polymarket over gambling concerns"},"content":{"rendered":"

\"South<\/p>\n

The Korea Media and Communications Commission said Polymarket\u2019s structure and operations amount to illegal gambling despite its noncustodial design and smart contracts.<\/p>\n

South Korean authorities have ordered access to Polymarket to be blocked after determining that the crypto prediction market provides an illegal gambling environment to users in the country.<\/p>\n

The country\u2019s media and communications review commission said<\/a> Tuesday that Polymarket falls under information that facilitates gambling or the opening of a gambling venue under the Criminal Act, as well as prohibited analogous betting activity under the National Sports Promotion Act.<\/p>\n

The regulator said Polymarket\u2019s winner-takes-all structure, where users can gain or lose money based on outcomes including politics, sports and weather, encourages speculative gambling behavior. It also cited Polymarket\u2019s role in operating markets, setting trading rules, providing crypto deposit, withdrawal and settlement systems and collecting transaction fees.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The Korea Media and Communications Commission said Polymarket\u2019s structure and operations amount to illegal gambling despite its noncustodial design and smart contracts. South Korean authorities have ordered access to Polymarket to be blocked after determining that the crypto prediction market provides an illegal gambling environment to users in the country. The country\u2019s media and communications […]<\/p>\n","protected":false},"author":1,"featured_media":644826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-644825","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/644825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=644825"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/644825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/644826"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=644825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=644825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=644825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}