South Korea blocks Polymarket as prediction markets face global split

Crypto Insight Summary: Polymarket has been blocked by South Korea, and 18 of its users have been referred to prosecutors on suspicion of illegal gambling. But the news is not about the sum of 17.6 billion won, but about what this case shows about the growing global divide on how crypto prediction markets should be regulated. The division... Crypto Insight Analysis: Direction: Bearish Polymarket Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: South Korea's crackdown on Polymarket will deter users and limit growth in the region.