In a twist that’s more shocking than finding a plot in a Michael Bay movie, Portugal has thrown down the gauntlet and told Polymarket to pack its bags. With a staggering €103 million (that’s roughly $120 million in U.S. bucks) wagered on the upcoming presidential election, things were getting a bit too spicy for comfort.
Turns out, political betting isn’t just frowned upon in Portugal; it’s outright illegal! The country’s gambling regulator has ordered Polymarket to halt its operations faster than your WiFi connection drops during a video call. Because, you know, who doesn’t love a good political gamble?
The crackdown on Polymarket isn’t just a localized trend, either. Countries around the globe are tightening their grip on these platforms. So, if you thought you could make a fortune on whether or not the next president will have a cat or a dog in the White House, think again!
Now, we’re left to wonder—are betting markets a harmless little fun or a risk we just can’t afford to take?
So, what’s your take? Are you team ‘Betting Parlor’ or team ‘Leave Politics to the Politicians’?
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