Latest news and stories about election betting in Portugal for expats and residents.
The regulator says it only became aware of Polymarket 'very recently' and that it 'does not have any authorisation to make its services available' in Portugal. Bets on the presidential election reached €120 million.
The race to Belém has already seen nearly €100 million wagered on an international platform. Bettors are trying to predict who will win the presidential election in Portugal.
'Polymarket' was considered illegal in the US when Joe Biden was involved, but was allowed again with Donald Trump. Bets are placed using a cryptocurrency. In the case of the Portuguese elections, the odds of victory have swung widely.
