Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Portugal orders Polymarket to shut down.
Polymarket — the same platform someone made thousands of dollars betting on Nicolás Maduro’s arrest — has 48 hours to cease operations in Portugal after users wagered more than 103 million euros (~$120 million) on the outcome of the country’s presidential election, according to a report from CoinDesk.
Political betting is illegal in Portugal, and its gambling regulator says Polymarket doesn’t have a license to operate in the country, CoinDesk reports.
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