TREE NEWS update: Police in Gangwon, South Korea, booked 26 people on suspicion of illegal gambling and referred 18 of them to prosecutors, tracing their wallets through public blockchain records because the platform holds no list of Korean users. The 26 users staked crypto worth about 17.6 billion won on Polymarket.
South Korea Police Refer 18 Polymarket Users to Prosecutors
AI take
The notable detail is enforcement mechanics: authorities reconstructed the user base from public wallet trails because the platform kept no Korean registry, an approach that can scale to any on-chain venue. That shifts the compliance question from platform-level registration to individual wallet exposure, which matters for prediction markets and other crypto products with no local footprint. Whether similar wallet-tracing referrals follow in other jurisdictions is the open question.
Generated by AI for reference only.
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