Taiwan subpoenas residents who bet on election on decentralized gambling platform

According to local media reports, many Taiwanese residents used the decentralized gambling platform Polymarket to place bets on the leadership election scheduled for January 13, 2024. Prosecutors and investigators have subpoenaed several people for their involvement in the investigation. Market gambling. According to Article 88-1 of the Election and Recall Law, it is illegal to participate in election-related gambling activities in Taiwan and may be punished by six months in prison, detention, or a fine of up to NT$100,000 (approximately US$3,188). fine. During the 2020 US election, Polymarket-related betting transactions exceeded $10 million. (Cointelegraph)