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Gangwon police refer 18 Polymarket users to prosecutors in South Korea

Enforcement & compliance

Gangwon Provincial Police Agency’s cyber investigation unit referred 18 of 26 Polymarket users to prosecutors in South Korea over suspected unauthorised gambling, according to a media report. Investigators said the users’ transactions totalled KRW17.6bn, or about US$12.7m; the users’ lawyers dispute that the platform’s contracts constitute betting. Prosecutors will assess the police case and the defence arguments.

Operators and regulators may gain clarity on whether prediction-market contracts constitute gambling under South Korean rules.

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Enforcement & compliance

French police investigate reported Polymarket bets on Ballon d’Or

French police are reportedly investigating suspicious bets on Polymarket linked to the latest Ballon d’Or. Twelve accounts allegedly staked over 264m euro on the order of the first five finishers, with a reported profit of almost 200m dollars. France Football contacted police after receiving a warning before the final rankings were announced.

French police are reportedly investigating suspicious bets on Polymarket linked to the latest Ballon d’Or, placed from twelve accounts. The accounts were allegedly created by the same person between 1 and 20 October, just three days after the jury closed voting.

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