South Korea's BOSC Grants Polymarket Opportunity to Submit Statements on June 6

According to the Broadcast Media Communications Deliberation Committee (BOSC), the South Korean regulatory body decided on June 6 to grant Polymarket, a blockchain-based prediction market platform, an opportunity to submit statements before deciding whether to issue corrective orders.

Polymarket allows users to trade binary shares (Yes/No positions) on various social issues in politics, economics, and sports using crypto assets like USDC. Critics have alleged the platform operates as a gambling service due to its speculative nature.