Portugal’s gambling regulator has taken decisive regulatory action against the blockchain-based prediction market platform Polymarket following a surge in trading activity tied to the country’s presidential election. The Serviço de Regulação e Inspeção de Jogos (SRIJ) issued a formal order requiring Polymarket to cease operations within 48 hours, stating that the platform is operating without a valid Portuguese gambling license and legal authorities consider the activities to be illegal under national law. The move highlights increasing regulatory scrutiny of online prediction markets that allow users to trade on the outcomes of real-world......

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