Polymarket Hit by Fresh Europe Crackdowns as Hungary, Portugal Block Access
Polymarket, a blockchain-based prediction market, faced a new wave of regulatory pressure in mid-January 2026 after Hungary and Portugal moved to restrict access, framing paid prediction markets as unlicensed gambling. The immediate risk is operational: domain blocks, cease-and-desist timelines, and ISP-level enforcement can fragment access and liquidity in ways that directly impact execution quality.