South Korea Orders Block on Polymarket Access

South Korean authorities have officially ordered internet service providers to block access to Polymarket. The Broadcasting, Media and Communications Review Committee issued the directive on August 18 after determining that the site operates as an unauthorized gambling platform for local residents.

Regulators stated that the platform allows users to bet on outcomes using cryptocurrency, which violates domestic gambling laws. While Polymarket has gained global popularity for its prediction polls on political and social events, this move highlights the strict approach South Korea takes regarding crypto based betting activities.

This decision marks a significant obstacle for international crypto platforms trying to reach South Korean users. Traders in the region will now need to find alternative ways to access the site or face restrictions. Investors should watch for further updates on how this enforcement affects global traffic to prediction markets.