Prediction Market Software development - Korea
Prediction software built for Korea’s evolving rules today and its upcoming opportunities tomorrow. TRUEiGTECH partners with licensed operators, leagues, and enterprises to deliver predictive analytics modules, software, and solutions that boost engagement, safeguard integrity, and ensure your platform stays PIPA-compliant and sharp as the market expands.
Key Features of TRUEiGTECH Prediction Market Software
Real-Time Pricing & Settlement
With TRUEiGTECH prediction market software, you will facilitate instant updates and fast, accurate settlements with smart contracts and trusted oracles built into the software.
Engagement & Gamification
We ensure you can keep your users active and engaged with leaderboards, rewards, and community features that spark repeat participation and interactions.
User Profiles & Analytics
Use an in-built system to analyze user activities, transactions, and events with advanced analytics and reporting capabilities. Gain complete insights into player behavior.
Legally Compliant Architecture
Ensure legality with the market rules and feasibility using built-in safeguards, flexible models, and regulator-ready controls, ensuring your platform operates seamlessly in every scenario.
Token & Asset Management
Manage fiat current transactions, points, or tokens securely with AML/KYC flows and real-name banking compliance for player, platform, and profit protection.
Automated Market Makers (AMMs)
Build new markets and events aligning with the current scenario, with seamless liquidity ensuring prices stay fair, active, and reliable even with low volume.
Benefits of TRUEiGTECH Prediction Market Software Development
Assured Compliance
With TRUEiGTECH prediction market software for Korea, you can operate confidently knowing your platform is designed to follow the country’s strict rules. Others gamble with risk; we build trust through regulator-ready safeguards and PIPA alignment.
Faster Market Entry
Skipping months of trial and error, TRUEiGTECH delivers Korean-ready systems localized, compliant, and supported to ensure you launch faster while competitors wrestle with retrofits and A/B testing the right design, features, and structure.
Future-Proof Technology
TRUEiGTECH's prediction software development team ensures that as regulations evolve, your platform doesn’t fall behind. Our software is modular and ever-ready for new markets and structures, preventing costly rebuilds.
Data-Driven Revenue Growth
TRUEiGTECH prediction marketplace ensures operators can easily boost margins with analytics that reveal player behavior and retention patterns. We deliver actionable intelligence to help with player retention through personalization.
Flexible Partnership Models
With TRUEiGTECH, you can either choose local collaboration or direct support from overseas expertise. Others lock you into rigid paths; we adapt to your business model and preferences, ensuring deployment in the format you want.
Scalable Infrastructure
TRUEiGTECH lets you grow without limits. From thousands to millions of users, our architecture scales seamlessly, ensuring you don’t struggle with bottlenecks as we build platforms that are easy to adapt and scale with your operations from day one.
Comprehensive Suite of Prediction Software Development by TRUEiGTECH
- Custom Sports Prediction Platforms
- Lottery & Instant Win Prediction Systems
- AI & Machine Learning Model Integration
- Player Account Management Integration
- Esports Prediction Platform Development
- Casino Number Prediction Games Development
- Turnkey Prediction Platform Solutions
- 3rd Party Data & Odds API Integrations
- Fraud Detection & Security Services
- Custom Analytics & Reporting Dashboards
Why Choose TRUEiGTECH for Online Prediction Market Software in Korea?
When you are building prediction markets in Korea, you need more than software that works and looks good. You need a partner who understands compliance, user behavior, and growth. TRUEiGTECH combines global expertise with local sensitivity, giving operators the confidence to scale without risks or delays.
- 150+ platforms deployed across 50+ markets and regulated environments.
- Built-in safeguards stay compliant and adapt to evolving regulations.
- Korean-ready platforms with language, compliance, and payment integrations.
- Seamlessly grow from a local user base to millions of users spread globally.
- Modular design supports esports, tokenized assets, and emerging formats.
- Ongoing support, training, and strategic insights, and not just software delivery.
Online Prediction Market Software Licenses and Compliance Requirements in Korea
South Korea has put a blanket ban on most private betting and tightly controls legal wagering through state channels. Citizens may legally take part in government-run lotteries and Sports Toto, a state-authorized sports pool, but all other forms of commercial gambling, betting, and wagering are prohibited in the country. Operators who target Korean users without working within these channels will certainly face fines, legal issues, and enforcement risks.
However, there is active industry pressure to create narrowly regulated esports betting, often called Esports Toto. Proposals and debates accelerated last year, and the TRUEiGTECH team has been following it for more updates ever since. We are positive that these discussions could yield limited, highly regulated pilot platforms, but nothing legal has been guaranteed yet.
Another hurdle for any new operator looking to start a prediction marketplace in Korea will have to understand the data protection policy here. The Personal Information Protection Act (PIPA) received major amendments in 2023 that expanded individual rights, added controls on automated decision-making, and tightened cross-border transfer rules. That means any prediction platform must be designed for PIPA compliance from the start, including clear workflows for data subject requests and explainability for automated outcomes.
Prediction Market in Korea | Cultural Impact, History, and the Future
South Korea does not have a historically prevalent prediction-market industry, but we have seen some parts of prediction, even without any money involved, in public polling and betting. However, there’s no formal platform for event-based prediction, and any such format remains outside legal and cultural norms.
Culturally, South Koreans are no strangers to forecasting and speculation as informal betting is among the common traditions practiced in the country. This suggests an openness to prediction-based systems, and people are likely to adopt such systems if the legal system allows. That cultural comfort could become a bridge for formally structured markets once legal frameworks allow it.
Looking ahead, South Korea is investing heavily in AI and advanced analytics. With national initiatives pouring billions into AI infrastructure, government labs, and innovation projects across sectors, the groundwork for prediction platforms is being laid in the country.
Top 5 Prediction Software Developers in Korea
TRUEiGTECH
TRUEiGTECH delivers enterprise-grade prediction market software built with a compliance-first design, scalable infrastructure, and for the Korean market. With 150+ global platforms deployed, we combine proven expertise, local sensitivity, and future-proof innovation to help operators grow safely and sustainably.
Vinfotech
Vinfotech develops white-label prediction market platforms with centralized architecture. Their software includes dynamic pricing, settlement workflows, and a strong admin back office, making them a go-to option for hosted prediction exchanges and customized market-building solutions.
Malgo Technologies
Malgo Technologies builds blockchain-based prediction platforms and Polymarket/Probo-style in the white-label format. They emphasize rapid deployment of decentralized exchanges, offering businesses a fast way to launch prediction markets using tokenized assets and smart contracts across multiple event categories.
Hivelance
Hivelance provides clone scripts and decentralized prediction market software resembling Augur or Polymarket. It's a developer-focused services company appealing to startups seeking technical flexibility, though compliance, user engagement features, and operator support are generally left for clients to manage.
Gamingtec
Another established B2B iGaming provider specializing in turnkey prediction, sportsbook, and casino solutions. The platforms Gamingtec builds can be adapted for points-based prediction or fantasy gaming, offering operators a reliable entry point into broader wagering and gamified market engagement models.
Cost of Developing Prediction Market Software in Korea
Costs of a prediction market software development depend on compliance, integrations, and the scale of your vision. Below is a breakdown of key stages and the estimated investment range operators should plan for.
| Stage | What’s Included | Estimated Cost (USD) |
| Discovery & Compliance Planning | Market research, Korean regulatory alignment, technical scoping, compliance architecture design | $10,000 – $25,000 |
| Core Platform Development | User interface, market creation engine, order matching, admin dashboard, basic KYC/AML setup | $40,000 – $80,000 |
| Advanced Features | Automated Market Makers (AMMs), token/asset integration, gamification modules, advanced analytics, esports-ready modules | $50,000 – $100,000 |
| Payment & Localization | KakaoPay, Toss, Payco integration, language/cultural localization, PIPA-compliant data flows | $15,000 – $40,000 |
| Testing & Security | Penetration testing, data encryption, load balancing, fraud detection, and regulatory audits | $10,000 – $30,000 |
| Deployment & Maintenance | Hosting, scalability setup, 24/7 monitoring, regular compliance updates, and ongoing support | $5,000 – $15,000 per month |
Popular Payment Gateways in Korea
Seamless payments are critical for user trust and platform growth. In South Korea, players rely on a mix of local digital wallets, e-wallets, crypto, and traditional methods, each shaping how iGaming transactions are managed and optimized.
Types of Prediction Software Solutions by TRUEiGTECH
TRUEiGTECH is an end-to-end software development company offering prediction software and solutions. We design every aspect of the platform for Korean users, ensuring heightened engagement across all verticals.
Sports Prediction Software
Casino Game Outcome Prediction Solution
Lottery Number Prediction System
eSports Prediction Solutions
Turnkey Prediction Software
Major iGaming Events in Korea
SPiCE International
Busan Indie Connect Festival (BIC)
G-Star
Not yet, as at present, South Korea permits only state-run wagering platforms to operate, where everything is dictated by the current gambling laws. Private prediction or betting platforms that allow real-money wagers are not legal for Korean users without state authorization.
According to some minor developments, there is potential for this conversion, but with conditions. Esports Toto is under debate, and if legalized, it could create a tightly regulated window for betting on esports outcomes. But chances of a prediction market becoming legal in the country are still slim.
PIPA has strict rules regarding data collection and cross-border transfers.. If prediction platforms are to go live on time in Korea, these rules need to be embedded into prediction platforms that handle Korean user data.
It is possible as the TRUEiGTECH development team can integrate cryptocurrency payment gateways according to the operator’s requirements. However, it’s essential to comply with Korea’s virtual asset rules, including VASP registration, AML/KYC procedures, and “travel rule” reporting. Without this, token-based prediction models risk regulatory scrutiny.
With TRUEiGTECH, you can be prepared to launch your prediction marketplace quickly. We build a modular, compliance-first architecture, including points-based systems, PIPA-aligned data handling, ADA-ready model explainability, and optional esports betting modules that can be activated if regulations change without violating current laws.
While not mandatory, partnering with licensed Korean entities such as Sports Toto, esports organizations, or media/league bodies helps reduce legal risk, build local trust, and ensure product fit within the Korean regulatory landscape.
A sportsbook focuses on fixed odds betting, covering mainly sports and games. Prediction markets allow users to buy and sell shares in event outcomes and this can cover sports, esports, finance, political events, or social trends.
Integration with KakaoPay, Toss, Payco, local cards, and crypto is possible while following the integration and privacy rules. Operators must ensure AML compliance and payment gateway approvals when connecting with Korean financial institutions.
Revenue in prediction market software generally comes from transaction fees, spreads, and premium access to analytics. In Korea you can also monetize the prediction markets, once launched, through ads, sponsorships, or engagement partnerships instead of real-money wagering.
Technically, yes, but platforms offering real-money betting without Korean licensing expose both operators and players to legal risks. This is why localization and compliance-first builds are essential for long-term trust.
Prediction software can power esports fan engagement, financial forecasting, political polling, academic research, and enterprise decision-making. These applications may be more acceptable in Korea’s current regulatory environment than open betting platforms.