Wu Blockchain (@WuBlockchain): South Korean Police Probe 26 Polymarket Users Over $12.7 Million in Alleged Illegal Bets

South Korean Police Probe 26 Polymarket Users Over $12.7 Million in Alleged Illegal Bets South Korean police have opened criminal cases against 26 Polymarket users over alleged illegal gambling, with 18 already referred to prosecutors, according to Asia Economy. The users wagered a combined 17.6 billion won ($12.7 million), with one individual accounting for as much as 5.7 billion won. Police used public blockchain records and OSINT to identify users. South Korea had already blocked access to Polymarket, the world’s largest prediction-market platform, on Aug. 18.