The Portuguese gambling regulator SRIJ ordered a shutdown of Polymarket for illegal operations, raising concerns about insider trading due to remarkable trading activity prior to elections.
Despite the blockade, Portuguese users continue to access Polymarket, leading to discussions on jurisdiction enforcement and the platform’s compliance with regulations.
USDC, the primary trading asset on Polymarket, remains valued at 1 USD, maintaining a market cap of 75.63 billion USD, reflecting significant trading activity under regulatory observation.
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