South Korean Teen Gambling Rates Surge According to Official Data
The South Korean teen gambling crisis is deepening, with teenage cyber gambling offenders increasing by 4.4 times in just one year.
The South Korean teen gambling crisis is deepening, with teenage cyber gambling offenders increasing by 4.4 times in just one year.
South Korea’s Broadcasting, Media and Communications Review Committee will hear Polymarket’s response before deciding whether to take corrective action against the prediction market platform over gambling concerns.
The South Korean stock market has become a “gambling den,” claimed the leader of the largest opposition party, while accusing President Lee Jae-myung of causing the problem.
South Korean island communities and famous fishing towns have become a hotbed of illegal gambling activity, police have warned.
The undisputed growth of prediction markets has attracted the attention of South Korean authorities, who will now review the Polymarket platform to determine whether its products violate the local law.
Scores of South Korean gambling experience pubs are letting their customers place real-money wagers on poker and other casino games, say police, ahead of a fresh crackdown on so-called “Texas Hold ’em pubs.”