Portugal joins growing list of countries cracking down on Polymarket

Market Intelligence Analysis

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Why This Matters

Portugal has joined other countries in cracking down on Polymarket, a platform that allows users to bet on various events, including political ones, which are deemed illegal in Portugal.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Betting on political events is illegal in Portugal, and the regulator gave Polymarket 48 hours to cease operations in the country.

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Original article published by CoinDesk on January 20, 2026.
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