The Korea Communications Standards Commission voted on Sunday to give the operator of the overseas prediction-market platform Polymarket an opportunity to present its views before deciding whether to seek corrective measures, it said.

The commission’s communications deliberation subcommittee held a meeting on Sunday and decided it would make a final decision on whether to request corrective action after hearing the operator’s opinion on Polymarket.

Polymarket is a blockchain-based prediction-market platform. Users trade stakes in a yes-or-no format on social issues such as politics, the economy, international relations, sports, elections and weather.

Users deposit crypto assets such as the dollar-based stablecoin USDC to take part in trades. If a prediction is correct, the stake is settled at a set amount, and if it is wrong, its value is extinguished. Critics have consistently pointed out that this method is no different from speculative gambling.

The commission said it decided to provide an opportunity for the operator to present its views in order to thoroughly confirm whether Polymarket is illegal and how the service is run. It said it plans to comprehensively review views and related materials submitted by the operator, then make a final deliberation and decision on whether to request corrective action.