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Spain and Indonesia Declare Prediction Markets as Unlicensed Gambling
By Editorial profile image Editorial

Spain and Indonesia Declare Prediction Markets as Unlicensed Gambling

Spain and Indonesia have declared prediction markets as gambling, banning leading platforms from operating in the countries.

Spain and Indonesia have declared prediction markets as gambling, banning leading platforms from operating in the countries.

In Indonesia, Polymarket has been banned, while Spain has blocked both Polymarket and Kalshi. Spain's Ministry of Consumer Affairs issued an order on Tuesday to block the websites, which it says offer gambling services without proper authorization.

By Editorial profile image Editorial
Updated on
Regulation Spain Indonesia Prediction Markets Polymarket Kalshi