Portugal joins growing list of countries cracking down on Polymarket

Portugal joins growing list of countries cracking down on Polymarket

Betting on political events is illegal in Portugal, and the regulator gave Polymarket a 48-hour ultimatum to cease operations in the country.

Regulators in Portugal Order Polymarket to Halt Services Over Election‑Betting Boom

Polymarket received an order from the Portuguese regulator SRIJ to cease operations in the country within 48 hours. The measure came after a surge in betting linked to the January 18 presidential election, with a volume exceeding 103 million euros ($120 million). The platform does not hold a license to offer betting in Portugal and operates outside the current law, which only allows wagers on sports, casinos, and horse racing. Betting on politic…

Portugal Orders Polymarket Shutdown, Site Stays Live

The post Portugal Orders Polymarket Shutdown, Site Stays Live appeared on BitcoinEthereumNews.com. Key Notes SRIJ reportedly notified Polymarket to cease operations within 48 hours on January 17, but no official order has been published on the regulator’s website. Political betting is illegal in Portugal, where only sports and casino games are permitted. Portugal joins more than 30 countries restricting Polymarket, including France and Ukraine, …

Polymarket hit by fresh Europe crackdowns as Hungary, Portugal block access

The moves highlight the growing uncertainty over whether crypto prediction markets are treated as finance or gambling.

Portugal orders Polymarket to shut down over election betting surge

Portugal prohibits political betting under its 2015 online gambling law. Polymarket remains accessible, but regulators may ask ISPs to block it. Polymarket faces restrictions in 30+ countries, with access limits varying by market. Portugal’s gambling regulator has ordered blockchain-based prediction market Polymarket to cease operations in the country within 48 hours after the platform saw […] The post Portugal orders Polymarket to shut down ove…