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Portugal gambling regulator SRIJ orders Polymarket to halt operations after more than 4 million euros wagered on presidential election before results, GambleRss reports
- Portugal gambling regulator SRIJ orders Polymarket to halt operations after more than 4 million euros wagered on presidential election before results, GambleRss reports — GambleRss, reporting a Casino.org story published October 24, said Portugal's gambling regulator SRIJ confirmed it ordered Polymarket to halt operations because the platform is illegal under national rules that limit online gambling to licensed sports betting, casino games and horse racing, not political event markets. More than 4 million euros was wagered in a short window before election results, as Antonio Jose Seguro's implied probability rose from about 60 percent in the afternoon to about 95 percent by 6 p.m. and approached 100 percent after exit-poll projections circulated, with no evidence of insider trading reported. (GambleRss)
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