Portugal's betting regulator, SRIJ, has ordered the blockchain-based prediction market Polymarket to cease operations in the country within 48 hours after over €103 million (approximately $120 million) in bets on the January 18 presidential election results were recorded on its platform. The regulator noted that Polymarket does not hold a Portuguese betting license, and that Portuguese law prohibits betting on the outcomes of real-world events such as politics, allowing only sports betting, casino games, and horse racing. Polymarket is currently still accessible in Portugal, but the regulator may soon require internet service providers to block it. (CoinDesk)