Short News View Non-AMP

Portugal Bans Polymarket Over €110M Election Bets

Published by
Sohrab Khawas

Portugal’s gambling regulator, SRIJ, has ordered Polymarket to shut down and be blocked nationwide, ruling the crypto prediction platform illegal for operating without proper authorization and breaking the country’s ban on political betting. The decision comes after reports that over €4 million was wagered on Portuguese presidential markets just hours before results were announced, sparking concerns over insider trading and leaked exit polls. Total trading on these markets exceeded €110 million, drawing intense attention from regulators.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Bonk (BONK) Price Prediction 2026, 2027 – 2030: Will BONK Price Reach $0.00013 by 2030?

Story Highlights The live price of the BONK token is Price predictions for 2026 range…

April 15, 2026

XRP Price Breakout Next Week? Fractal Analysis Points to $40 Target Before End of May

An analyst stirred debate this week by claiming XRP is following a historical fractal pattern…

April 15, 2026

WLFI Proposes 4.5 Billion Token Burn in Major Governance Reset

In a big move to rebuild trust and strengthen its long-term outlook, World Liberty Financial…

April 15, 2026

Bitcoin Targets $80,000, Ethereum Eyes $2,700 and XRP Could Hit $1.55 Says Chart Analyst

Gareth Soloway, chief market strategist at Verified.com, laid out his latest price targets for Bitcoin,…

April 15, 2026

HYPE Token Rally: Bullish Breakout or Leverage Trap Ahead?

The HYPE token is making noise on the chart since breaking out from the falling…

April 15, 2026

Solana Price Outlook: Liquidation Map Signals a $95 Trap

Solana price isn’t moving much but don’t mistake that for calm. Under the surface, it’s…

April 15, 2026