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's Ministry of Consumer Rights has taken action to block access to prediction market platforms Polymarket and Kalshi as regulators delve into potential unlicensed gambling activities. The announcement was made through the country's Official State Gazette. 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 operating without the necessary licenses.
