Tag
"South Korea"
4 results found
Regulation
South Korea blocks Polymarket over gambling law violation
South Korea's Communications Standards Commission ordered Polymarket blocked, ruling its prediction markets meet the legal definition of gambling.
Gambling
South Korea busts $3.3 billion iGaming network run through porn sites
Seoul police arrested two men behind a network of 18 illegal gambling platforms marketed through pornography sites, with $3.3 billion in bets placed.
Gambling
South Korea police arrest 200 in bank account fraud scheme tied to illegal gambling
Police in Ulsan, South Korea, arrested 200 people over a scheme supplying 211 fraudulent bank accounts to phone fraud and illegal gambling networks.
Regulation
South Korea arrests 172 people over a betting scheme built on accounts belonging to deaf residents
Busan police say a criminal network ran roughly $220 million in illegal betting through bank accounts belonging to hearing-impaired residents, with a sign language interpreter allegedly acting as the recruiter.
