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South Korea commission reports illegal gambling market worth 96 trillion won

Regulation

South Korea’s National Gambling Control Commission was cited as estimating the illegal gambling market at 96 trillion won, or $65 billion, in a report dated 30 April. The report also said 4% of young people had participated in illegal gambling and that police recorded 777 youth-related cases and preliminary dispositions last year, up from 478 in 2024. The commission’s new chairman, Choi Byung-hwan, took office on 28 April, according to the report.

The reported market estimate and youth-case figures inform regulatory efforts to address illegal gambling in South Korea.

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