[Portuguese Regulator Orders Prediction Market Polymarket to Cease Operations in the Country] According to CoinDesk, the Portuguese gambling regulator SRIJ has ordered the blockchain-based prediction market Polymarket to cease operations in the country within 48 hours. This comes after the platform's betting volume on the outcome of the January 18 presidential election exceeded €103 million (approximately $120 million). The regulator stated that Polymarket does not hold a Portuguese gambling license, and the country's laws prohibit betting on the outcomes of real-world events such as political elections, allowing only sports, casino games, and horse racing bets. Currently, Polymarket remains accessible in Portugal, but the regulator may soon require internet service providers to block access to the platform.