South Korean Police Investigate 26 Polymarket Users for Illegal Gambling

The Gangwon Provincial Police Agency in South Korea has identified 26 Polymarket users suspected of illegal gambling through on-chain analysis. Authorities have referred 18 of these individuals to the prosecution, noting a total betting volume of $12.7 million, with one user placing bets totaling $4.1 million. The investigation, which began in March, focuses on transactions made before the Korea Communications Standards Commission ordered the platform to be blocked on August 18.