Polymarket Banned in Portugal, Hungary as Prediction Market Pushback Grows
Polymarket, a popular prediction market platform, has been banned in Portugal and Hungary amid increasing regulatory scrutiny of such platforms across Europe. The bans are part of a broader trend where governments are tightening regulations on online gambling and prediction markets, citing concerns over consumer protection and potential illegal activities. Polymarket has faced challenges in other jurisdictions as well, with regulators questioning the legality of its operations. The company is working to comply with local laws while navigating the evolving regulatory landscape.
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