Polymarket hit by fresh Europe crackdowns as Hungary, Portugal block access

Polymarket is experiencing challenges due to access blocks imposed by Hungary and Portugal, raising concerns about regulatory treatment of crypto prediction markets. These actions underscore the uncertainty surrounding whether such platforms should be classified as financial services or gambling. As governments increase scrutiny over the crypto sector, investor sentiment could be negatively impacted, likely hindering the platform's growth. Investors may need to reassess the viability of crypto-related businesses, especially in Europe, as similar measures could be adopted by other countries, increasing the risks for the broader crypto market.