South Korea Presidential Race: Lee Jae-myung Ahead as Crypto Regulation Becomes Key Issue
Lee Jae-myung is becoming a frontrunner for South Korea’s 2025 governmental election, according to trader sentiment on Polymarket. As of this press time, the Democratic Celebration candidate is leading at 96.8% per share, reflecting a 96.8% market-implied opportunity of triumph. Polymarket is a decentralized prediction market where users wager genuine cash on future events. …
Lee Jae-myung is leading S. Korea’s presidential race with a 96.8% possibility on Polymarket. The June 3 election is critical for crypto policy; 36% of eligible S. Korean citizens own crypto. Prospects propose pro-crypto procedures like area Bitcoin ETFs and improved bank access. Lee Jae-myung is becoming a frontrunner for South Korea’s 2025 presidential election, according to trader sentiment on Polymarket. Since this press time, the Democratic Party candidate is leading at 96.8% per share, showing a 96.8% market-implied possibility of success. Polymarket is a decentralized forecast market where users wager real cash on future events. Each ‘Yes’ share pays $1 if the event takes place and nothing if it does not. The closer the cost is to $1, the greater the market’s confidence because outcome. The prices does not show ballot or vote share. A common misconception is that a 97-cent ‘Yes’ price relates to 97% of expected votes. In truth, the figure reflects the collective possibility, as perceived by market participants, that Lee will win the election. For example, even if a candidate is expected to win narrowly, a high ‘Yes’ rate might still apply if traders think the outcome is all however specific. Related: South Korea Targets Crypto Money Washing with New Client Confirmation Procedures Other prospective candidates lag significantly in the market. Kim Moon-soo, related to the People Power Celebration, has a 3.2% chance of winning, while Lee Jun-seok of the Reform Party routes with simply 0.6%. Currently, more than $173 million has actually been bet across all candidates. What Does This Mean to the South Korean Crypto Market? The upcoming South Korean governmental election, arranged for June 3, 2025, could be critical for the country’s cryptocurrency market. With more than 16 million South Koreans, roughly 36% of qualified citizens purchased digital assets, crypto policy is a main campaign problem. Leading prospects across celebration lines are proposing sweeping changes to crypto regulation in an effort to appeal to this growing voter base. Their platforms consist of legislating area Bitcoin ETFs, expanding bank gain access to for crypto exchanges, and even integrating virtual possessions into federal government pension investments. Related: Hyperithm CEO Signs Up With Trump Supper, While South Korea’s Foreign Workers Embrace Stablecoin Payrolls The election’s result is anticipated to form South Korea’s regulative stance for several years to come. Candidates are advocating for the repeal of restrictive banking rules, the development of a won-pegged stablecoin, and stronger oversight of cross-border crypto transactions. While a crypto tax is currently postponed till 2027, a new administration could review the timeline.
The June 3 election is critical for crypto policy; 36% of qualified S. Korean voters own crypto. Related: South Korea Targets Crypto Cash Washing with New Consumer Verification Steps Other possible candidates lag considerably in the market. What Does This Mean to the South Korean Crypto Market? With more than 16 million South Koreans, approximately 36% of qualified citizens invested in digital possessions, crypto policy is a main campaign concern.
