Portugal's gambling regulator has ordered the shutdown of the prediction market platform Polymarket. According to reports, the regulatory action was prompted by significant betting activity related to elections. The move highlights increasing scrutiny of prediction markets and their potential impact on regulated activities like gambling. The development underscores the challenges faced by blockchain-based platforms operating across different jurisdictions with varying regulatory frameworks.

Portugal's gambling regulator has ordered the shutdown of the prediction market platform Polymarket. According to reports, the regulatory action was prompted by significant betting activity related to elections. The move highlights increasing scrutiny of prediction markets and their potential impact on regulated activities like gambling. The development underscores the challenges faced by blockchain-based platforms operating across different jurisdictions with varying regulatory frameworks.