Second Martial Law Rumors Push Yoon Impeachment Odds on Polymarket

- Second Martial Law Indications Detected, Calls for Parliament to Be on High Alert - Impeachment Possibility of President Yoon Seok-yeol Rises to 34% on Polymarket [Unblock Media] Indications of a second martial law have been detected in South Korea, leading to calls for Parliament to be on high alert. The current situation clearly shows a significant escalation in political tension. Particularly sensitive is the possibility of a 'second emergency martial law' raised by the Democratic Party of Korea and the Center for Military Human Rights Korea. Such political instability could have substantial effects on the market. According to the Center for Military Human Rights Korea, multiple army units have received orders to prepare for emergency mobilization, suggesting the possibility of martial law. "Multiple military units have been directed by higher command to follow normal leave guidelines for all soldiers and for commanders at the company level or higher to prepare for possible emergency mobilization," pointing to the major evidence supporting this claim. The timing is also notable, set just until the day after the impeachment vote, raising further suspicions. However, the Ministry of National Defense and the Joint Chiefs of Staff have dismissed such concerns, explaining, "No military measures have been taken at the Ministry of National Defense level," and "you do not need to worry about a second martial law." Meanwhile, Han Dong-hoon, leader of the People's Power Party, stated, "An impeachment vote for President Yoon Seok-yeol should be held," and advocated for "the suspension of the president's office." Such statements have caused the probability of President Yoon's impeachment on political event prediction platform Polymarket to surge to 34%. Polymarket has shown high sensitivity to political changes. Just a day before, the People's Power Party's official stance against impeachment had dropped President Yoon's impeachment likelihood to 16%, but it surged again due to Han's pro-impeachment statements. This indicates that market participants are highly reactive to political uncertainties and consider a variety of factors in predicting the future. Until the previous day, Han had announced, "As party leader, I will strive to prevent this impeachment to avoid unprepared chaos that could harm the public and supporters." However, based on new information and circumstances, his advocacy for impeachment demonstrates how political leadership and volatility can be intertwined with the market. Ultimately, this series of events illustrates the significant impact political uncertainty can have on the economy and the market. Particularly, legal regulations and political uncertainties can also have repercussions in the blockchain and cryptocurrency markets, making it worth closely monitoring future trends. Recently, fluctuations in prices for cryptocurrencies like Bitcoin and Ethereum demonstrate that political uncertainties heavily impact the cryptocurrency market. For example, Bitcoin's price surged during heightened political unrest in the U.S., emphasizing its attribute as 'digital gold.' However, the South Korean market saw cryptocurrency prices drop as much as -40% immediately following the start of the martial law situation but quickly recovered, indicating that Bitcoin has yet to secure its position as a safe asset.