South Korea’s online sports betting scene is a tightly controlled environment, reflecting the deep-seated cultural aversion of the country to gambling. Unlike the West’s free markets, the South Korea has a tight grip on this beloved pastime with a near-monopoly keeping its people on a tight leash. Inside South Korea’s Regulated Sports Betting System The State Monopoly Online sports betting is a monopoly of the government-approved Sports Toto. This system is operated under the National Sports Promotion Act and all legal profits are returned to national sports and public welfare. To avoid the social ills of gambling …