Pay with

USD

Supports Visa, Mastercard, SEPA & more

Flexible trading, zero fees

Use your crypto for payments worldwide

Grow your wealth in fiat investment

Basic

Trade crypto freely

Magnify your profit with leverage

Convert & Auto-Invest

Trade any size with no fees and no slippage

Get exposure to leveraged positions simply

Pre-Market Trading

Trade new tokens before listing

Advanced

Trade on-chain with Gate Wallet

Smart access to new on-chain tokens

Smart strategies with automated trading

Follow expert trading strategies

CrossEx Trading

One margin balance, shared across platforms

Access hundreds of perpetual contracts

One platform for global traditional assets

Trade European-style vanilla options

Unified Account

Maximize your capital efficiency

Introduction to Futures Trading

Learn the basics of futures trading

Join events to earn rewards

Use virtual funds to practice risk-free trading

U.S. stock CFD derivatives

App now fully supports direct access to the stock market

High leverage, 24/7 trading

Tokenized Stocks

Backed by real stock assets

Mint GUSD for Treasury RWA yields

Launch

Collect candies to earn airdrops

Quick staking, earn potential new tokens

Hold GT and get massive airdrops for free

Unlock full access to global stock IPOs

Trade on-chain assets and earn airdrops

Earn futures points and claim airdrop rewards

Investment

Earn interest with idle tokens

Auto-invest on a regular basis

Dual Investment

Profit from market volatility

Earn rewards with flexible staking

Pledge one crypto to borrow another

One-stop lending hub

Premium wealth growth plans

Private Wealth Management

Premium asset allocation

Top-tier quant strategies

Stake cryptos to earn in PoS products

No-liquidation leverage

Post, share, and explore crypto trends

Live crypto market analysis

Chat with crypto traders

What is happening in crypto

More

Promotions

Activity Center

Participate in activities to earn rewards

Invite friends to earn referral rewards

Affiliate Program

Earn exclusive commission rewards

Grow influence and earn airdrops

Real-time platform updates

Crypto industry articles

Huge fee discounts

Asset Management

One‑stop asset management solution

Enterprise digital asset solutions

Developers (API)

Connects to the Gate application ecosystem

OTC Bank Transfer

Deposit and withdraw fiat

Generous API rebate mechanisms

AI

Your all-in-one conversational AI partner

Use Gate AI directly in your social App

Gate Blue Lobster, ready to go

Gate for AI Agent

AI infrastructure, Gate MCP, Skills, and CLI

Gate Skills Hub

From office tasks to trading, the all-in-one skill hub makes AI even more useful.

Smartly choose from 40+ AI models, with 0% extra fees

Others

Find FAQs and help guides

Learn about crypto investing

Grow with the champions

Proof of Reserves

Gate promises 100% proof of reserves

Keep your assets secure

South Korea Launches First Criminal Probe Into Polymarket Users, Up to $6,500 in Fines

Enforcement Actions Prediction Market Regulation & Policy

2026-06-05 11:21:57

According to ChosunBiz, South Korean authorities have launched the country's first criminal investigation into local users of the decentralized prediction market platform Polymarket, led by the Gangwon Provincial Police at the request of the National Police Agency. Users found to have participated in unauthorized gambling activities could face fines of up to 10 million won, equivalent to approximately $6,500, under Article 246 of South Korea's Criminal Act. The investigation follows speculation on Polymarket related to South Korean politics, including a contract on whether President Lee Jae Myung would be removed from office before 2026, which generated nearly $54,000 in trading volume.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

South Korea Investigates Polymarket Users for Illegal Betting After June 3 Election, Fines Up to 10M Won

South Korean Police Launch First Investigation Into Polymarket Users Over Illegal Gambling Allegations

Jupiter Launches Forecast, Solana's First Native Prediction Market

Premu Opens User-Created Leveraged Prediction Markets With Up to 2.5x Ahead of 2026 World Cup

In-Depth Analysis

South Korea Opens First Criminal Probe Into Polymarket Users

Ethan Brooks5h ago

Binance Launches Stock Perpetual Futures as US Pursues Digital Hegemony

Crypto Frontier9h ago

South Korea FIU Replaces Mandatory Crypto STR with Exchange Risk Systems

Ethan Brooks10h ago

Comment

0/400

No comments