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Telecommunications & Media

Korea media watchdog votes to block access to overseas prediction market Polymarket

South Korea's Broadcasting Media and Communications Review Committee voted to block domestic access to the overseas prediction market platform Polymarket after judging it constitutes illegal gambling and speculative activity under Korean law. The committee said the platform could amount to aiding gambling or opening a gambling venue and similar acts under relevant statutes. It rejected arguments that removing Korean-language services and won payments or using decentralised technology exempts it from Korean laws.

Finance

Korean retail investors pay 10 percent premium for SK Hynix ADR

Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.

Mobility

Nevada approves Tesla Las Vegas robotaxis but limits fleet to 10

Nevada has approved Tesla to operate robotaxis in Las Vegas but limited the fleet to 10 vehicles. Tesla had sought permission to run up to 5,000 vehicles across Clark County. The approval restricts operation to a regulator-approved geofenced area on the Las Vegas Strip, caps speed at 45 miles per hour and bars passenger pickups at Harry Reid International Airport. Any increase above 10 vehicles requires additional approval.