Amid the impeachment of Yoon Suk Yeol's president, the so-called "Toto" gambling, which bet "stakes" on the outcome of the judicial process of domestic politicians such as Lee Jae-myung, chairman of the Democratic Party of Korea, as well as President Yoon, has been openly held on overseas sites.

Under the current law, betting on betting sites except Sports Toto (the upper limit of 100,000 won) operated by the National Sports Promotion Agency is illegal both at home and abroad. Nevertheless, caution is needed as cases of "illegal betting" continue on "Polymarket," the world's largest betting site based on blockchain.

According to the Polymarket on the 27th, bets are being made on whether President Yoon will be fired within April on the site. The probability that bettors on the site expected to "break down" rose to up to 84% on the 18th of last month, but fell to 5% as of that day as President Yoon's arrest was canceled and Prime Minister Han Deok-soo's impeachment was rejected. The stakes are about 38.5 billion won ($26.27 million) in the betting alone.

In the bet titled "Will President Yoon be fired within 2025," the probability of "breakdown" is 76% as of the day. In addition, there are bets such as "Will First Lady Kim Gun-hee be arrested within 2025" and "Will Democratic Party Chairman Lee Jae-myung be arrested within 2025?"

Eom Ki-hong, a professor of political science and foreign affairs at Kyungpook National University, said, "It has been a long time since politics has become satirical and recreational," adding, "There are studies in the United States that predict elections with bets."

Even if it is an overseas site, it can be punished if a person with Korean nationality bet money. Kang Song-wook, a lawyer at DLG Law Firm, said, "Because the criminal law is deceitful, it is punished for gambling even overseas."

[Reporter Ji Hyejin]