Portugal’s gambling regulator reportedly ordered Polymarket to shut down operations in the country, though no official enforcement document has been published and the platform remains fully accessible to Portuguese users.
Polymarket allows users to bet on real-world events using cryptocurrency.
The Serviço de Regulação e Inspeção de Jogos gave the prediction market 48 hours to cease operations on January 17, according to Portuguese broadcaster Renascença, which obtained direct statements from the regulator.
The deadline expired on January 19, but the site continues to operate without location-based blocks in Portugal.
Polymarket’s Portugal Presidential Election market showed over $120 million in trading volume, with António José Seguro at 96% probability as of January 20, 2026. | Source: Polymarket
SRIJ confirmed to the Portuguese broadcaster that Polymarket has no authorization to offer betting services in the country.
The regulator stated it learned about t
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