Regulators rejected Polymarket's defense regarding its P2P nature, arguing the platform manages market rules and facilitates crypto-based gambling activity.

South Korea has joined over 30 jurisdictions in restricting access to Polymarket, as regulators dismissed the platform's defense of its peer-to-peer nature. They argued that Polymarket manages market rules and facilitates crypto-based gambling activities.

South Korea joins more than 30 jurisdictions restricting Polymarket access

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-you-are-once-again-banning-crypto-content-polymarket.jpg" alt="South Korea moves to block Polymarket over gambling concerns" class="type:primaryImage"></p><p>The Korea Media and Communications Commission said Polymarket’s structure and operations amount to illegal gambling despite its noncustodial design and smart contracts.</p>

The Korea Media and Communications Commission has stated that Polymarket's structure and operations constitute illegal gambling, despite the platform's noncustodial design and use of smart contracts.

South Korea moves to block Polymarket over gambling concerns

South Korea has ordered access to Polymarket to be blocked after regulators found that the crypto-based prediction market provides an illegal gambling environment to domestic users. South Korea’s Broadcasting, Media and Communications Review Committee voted on Aug. 18 to issue&#8230;

South Korea has ordered the blocking of access to Polymarket after regulators determined that the crypto-based prediction market offers an illegal gambling environment for domestic users. The decision was made by the Broadcasting, Media and Communications Review Committee on August 18.

South Korea orders Polymarket block over illegal gambling concerns

أمرت كوريا الجنوبية بحظر بوليمارك، وهو سوق توقعات قائم على العملات المشفرة، مشيرة إلى مخاوف من القمار غير القانوني. وجد لجنة مراجعة البث والإعلام والاتصالات أن عمليات المنصة تخلق بيئة قمار غير قانونية للمستخدمين المحليين، مما يجعلها تنضم إلى أكثر من 30 ولاية قضائية في قيود مماثلة.

Corea del Sur ha ordenado el bloqueo de Polymarket, un mercado de predicción basado en criptomonedas, citando preocupaciones de juego ilegal. El Comité de Revisión de Radiodifusión, Medios y Comunicaciones encontró que las operaciones de la plataforma crean un entorno de juego ilegal para los usuarios nacionales, uniéndose a más de 30 jurisdicciones en restricciones similares.

La Corée du Sud a ordonné le blocage de Polymarket, un marché de prédiction basé sur la crypto, en raison de préoccupations liées au jeu illégal. Le Comité de révision de la diffusion, des médias et des communications a constaté que les opérations de la plateforme créent un environnement de jeu illégal pour les utilisateurs nationaux, rejoignant plus de 30 juridictions dans des restrictions similaires.