South Korean Police Refer 18 Polymarket Users to Prosecutors in Gambling Probe

South Korean police have reportedly referred 18 users of prediction market platform Polymarket to prosecutors as part of a gambling investigation, according to Cointelegraph. The case involves 26 people and bets totaling $12.7 million. The report did not provide further details about the individuals referred or the alleged activities under investigation. The referral moves the matter from the police inquiry to the prosecutorial stage in South Korea. The development adds to regulatory and legal scrutiny surrounding prediction-market activity, although the available information does not indicate any direct impact on specific crypto assets. The investigation concerns Polymarket users and the reported betting volume, rather than a stated action against the platform itself.