TLDR Crypto · MARKETS & BUSINESS
PORTUGAL ORDERS POLYMARKET BLOCK AFTER ELECTION BETTING SURGE
Summary from the TLDR Crypto newsletter
Portugal's gaming regulator told prediction market Polymarket to halt operations after more than €4 million flowed into presidential election markets in the hours before results, stoking fears that bets were placed on leaked exit polls. Regulators say Polymarket is unauthorized and political betting is banned, prompting potential network-level blocks as the episode adds to a growing list of jurisdictions (including France, Germany, and recent US state actions) moving against the platform.