Spain blocks Polymarket, Kalshi for operating without licenses amid widening global crackdown on prediction markets
The Block
Spain has blocked prediction platforms Polymarket and Kalshi for operating without required gambling licenses as part of a global regulatory crackdown.Summary
Spain's Directorate General for Gambling Regulation has ordered a nationwide block on Polymarket and Kalshi, citing their failure to obtain necessary administrative licenses. Regulators classified these prediction markets as gambling, noting their lack of mandatory identity verification and consumer protection controls. This precautionary measure is part of an ongoing disciplinary proceeding and aligns with a recent trend of global restrictions against such platforms, including similar bans in Indonesia, Brazil, Portugal, and Argentina.
(Source：The Block)