Spain has moved to block access to prediction market platforms Polymarket and Kalshi while regulators investigate whether the companies have been operating in the country without the required gambling licenses.
Spain has taken action to block access to prediction market platforms Polymarket and Kalshi as regulators look into potential unlicensed gambling operations. The Ministry of Consumer Rights in Spain made the announcement, stating that the country's Official State Gazette published the decision. The ministry revealed that the Dirección General de Ordenación del Juego, Spain's gambling regulator, is conducting an investigation to determine if the companies have been functioning without the necessary licenses.
