The South Korean government has decided to reduce the maximum payout for sports betting from 10 million won to 3 million won as part of enhanced measures to tackle gambling addiction and curb illegal betting. This new limit is slated to take effect starting with the 2024 Paris Olympic season, reflecting the government's intent to control the sports betting market more tightly. The Ministry of Culture, Sports and Tourism announced the reform as part of broader regulatory changes addressing the growing concerns surrounding sports gambling in the country. The policy adjustment aims to mitigate risks associated with excessive gambling payouts and illegal betting activities, promoting a more sustainable betting environment in South Korea. These moves underscore Seoul’s commitment to overhauling the sports betting system in response to social and regulatory challenges related to gambling.