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The proliferation of hate speech and disinformation on social media has prompted democratic countries around the world to discuss adequate regulations to limit the power exerted by platforms over national politics. As a result, the once ostensibly uniform content moderation practices of social media companies are becoming increasingly territorialized, and the governance of online political speech is constantly negotiated between global social media platforms and national governments. To comprehend the evolving landscape of online political speech governance, this paper scrutinizes how Facebook has adapted its content moderation practices to the political and legal contexts of three democratic nations: the United States, Germany, and South Korea. We assessed national laws and governmental documents to explain the regulatory landscapes of the three countries, and used VPNs and corporate PR materials to see how Facebook's platform design and public communication diverge by location. The findings suggest that the seemingly 'splintering' regulatory frameworks still have a 'centralizing' effect: Facebook formally complies with national laws, but its platform interface and communication activities steer users away from the local systems and towards its centralized operations. We discuss future implications for the regulation of online political speech in democratic nations. [ABSTRACT FROM AUTHOR]