Current outcome
South Korean police are investigating 26 Polymarket users for illegal gambling; 18 have been referred to prosecutors, with total wagers of about $12.7 million, and the case remains ongoing.
Progress timeline
2 material updates- #01
South Korean police charge 26 Polymarket users for illegal gambling: report
South Korean police have charged 26 Polymarket users with illegal gambling after the country's media regulator blocked local access to the prediction market platform.
Source evidence: The Block
- #02
Polymarket users referred to prosecutors in South Korea: Report
South Korean police referred 18 of 26 Polymarket users to prosecutors in the illegal gambling probe; the users collectively wagered about $12.7 million, with the largest single user wagering about $4.1 million.
State after update: South Korean police are investigating 26 Polymarket users for illegal gambling; 18 have been referred to prosecutors, with total wagers of about $12.7 million, and the case remains ongoing.
Source evidence: Cointelegraph