South Korea Casino, Poker & Betting News 2026
South Korea: casino, poker and sports-betting news, regulation, licences and operators.
7 articles
South Korean Gambling Bust: Hearing-Impaired Victims Used as Money Mules
Police in Busan dismantle a massive illegal gambling ring that wagered $230 million and exploited vulnerable people as financial intermediaries.
South Korea Crisis: Casino Association Warns of Instability Due to New Taxes
The Korea Casino Association is sounding the alarm over government plans to hike levies from 10% to 15% of GGR, threatening the recovery of pandemic-hit operators.
South Korea: Casino Companies Tremble Over Higher Tourism Levies
South Korean casino operators face a prospective hike in contributions to the state tourism fund. The Ministry of Culture, Sports, and Tourism is considering raising the percentage from 10% to 15% of revenues, causing Paradise shares to drop over 23%.
South Korea Dismantles $7.5 Billion Illegal Gambling Network
The arrest of "A" in the UAE marks the end of an international manhunt and the dismantling of an illegal gambling network that generated an estimated $18.9 million in proceeds.
South Korean Investors Face High-Leverage Risks on Offshore Crypto Platforms
South Korean retail investors use offshore crypto derivatives tied to domestic equities, facing extreme leverage risks. A small KOSPI dip can cause position liquidation.
South Korea Targets Prediction Markets: Polymarket Faces Regulatory Scrutiny
South Korea's KCSC is reviewing Polymarket for alleged illegal gambling violations, raising concerns over hundreds of billions of Won in bets.
South Korea Delays Polymarket Decision Amid Intensified Gambling Scrutiny
South Korea postpones a decision on the Polymarket platform as government scrutiny of gambling intensifies, indicating a trend toward stricter regulation of online betting markets.