Prediction market platform Polymarket is facing increased regulatory pressure, with bans recently implemented in Portugal and Hungary. The move highlights a growing global trend of regulatory bodies scrutinizing prediction market companies. These companies argue they are not offering gambling services, but regulators are increasingly taking action, signaling a potential shift in how these platforms are viewed and regulated worldwide. The development underscores the ongoing tension between innovative crypto platforms and traditional regulatory frameworks.

Prediction market platform Polymarket is facing increased regulatory pressure, with bans recently implemented in Portugal and Hungary. The move highlights a growing global trend of regulatory bodies scrutinizing prediction market companies. These companies argue they are not offering gambling services, but regulators are increasingly taking action, signaling a potential shift in how these platforms are viewed and regulated worldwide. The development underscores the ongoing tension between innovative crypto platforms and traditional regulatory frameworks.