The cyber investigation department of the Gangwon State Police Agency in South Korea identified 26 Polymarket users and opened cases on suspicion of illegal gambling. Of these,18 people have been referred to prosecutors, with cumulative bets totaling 12700000 USD, while the highest bet by a single user was 4100000 USD. Police March began a preliminary investigation, and from May began opening cases against the individuals involved; South Korea’s communications review body August 18 did not order Polymarket to be blocked until then; the transactions under investigation took place while the platform remained normally accessible. Police are proceeding with the investigation under Article 246 of South Korea’s Criminal Act.
The cyber investigation department of the Gangwon State Police Agency in South Korea identified 26 Polymarket users by analyzing publicly available blockchain transaction records and open-source intelligence from the blockchain.
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Police opened cases on suspicion of illegal gambling, and 18 people have been referred to prosecutors.
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The users’ cumulative bets totaled 12700000 USD, while the highest bet by a single user was 4100000 USD。
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Police March began a preliminary investigation, and from May began opening cases against the individuals involved.
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South Korea’s communications review body August 18 ordered Polymarket to be blocked.
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Police are proceeding with the investigation under Article 246 of South Korea’s Criminal Act.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report says that South Korean police used publicly available blockchain transaction records to trace Polymarket users and took criminal-investigation and prosecutor-referral measures against some users.
Why it matters to readers
Public blockchain transactions may be used to identify and investigate platform users, and related betting activity may face local illegal-gambling scrutiny.
Using an on-chain betting platform does not mean that your identity and transactions cannot be traced; before participating, consider the laws and platform-access restrictions in your jurisdiction.
Risks and unknowns
The content comes from a Telegram breaking-news post, and the original provides no police announcement, case documents, or other verifiable materials.
The original mentions only March、May and August 18, without specifying the corresponding year.
The original does not explain how the remaining users among the 26 identified users were handled, apart from the 18 who were referred to prosecutors.
A suspicion of illegal gambling does not mean that a court has convicted anyone.
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Related concepts
Public blockchain transaction records
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