Spanish Authorities Order Polymarket and Kalshi Blocked over Gambling Laws
Cointelegraph
Spanish regulators have blocked access to prediction markets Polymarket and Kalshi for operating without required gambling licenses.Summary
Spain’s Directorate General for the Regulation of Gambling (DGOJ) has ordered a temporary block on prediction market platforms Polymarket and Kalshi. The authorities claim these platforms are operating without the necessary administrative licenses, as Spanish law classifies betting on future outcomes as games of chance. The restriction is a precautionary measure pending the outcome of legal proceedings, which are expected to last three to four months. This action aligns Spain with other global jurisdictions, including Indonesia and Australia, that have restricted these platforms over regulatory and gambling compliance concerns.
(Source：Cointelegraph)