Overview
- SRIJ issued a 48-hour order for Polymarket to cease operations in Portugal for operating without a license and offering prohibited political markets.
- The platform remains accessible in the country as of reporting, and regulators may instruct internet providers to block access if it fails to comply.
- Rádio Renascença reported that bets tied to the January 18 presidential vote surpassed €103 million, drawing heightened regulatory attention.
- Portuguese law permits only sports, casino and horse racing betting, and the regulator says Polymarket is not authorized to offer betting services.
- Polymarket faces restrictions in more than 30 countries, while other prediction sites such as Kalshi, Myriad and Limitless still appear reachable in Portugal.