Spain Blocks Polymarket and Kalshi Amid Gambling License Investigation

• Spain blocks Polymarket and Kalshi amid gambling licence investigation actions.
• Regulators treat prediction markets as gambling requiring strict approval rules.
• Global pressure grows as countries restrict prediction market platforms expansion.

Spain intensified its crackdown on prediction market platforms after regulators blocked domestic access to Polymarket and Kalshi during a new gambling licence investigation. Authorities believe both companies may have operated illegally in the country without securing approval from Spanish regulators. Consequently, the dispute adds fresh pressure on a rapidly growing sector that already faces mounting restrictions across Europe and beyond.

Spain’s Ministry of Consumer Rights confirmed Tuesday that it opened disciplinary proceedings against the two US-based platforms. Officials stated that prediction markets fall under gambl…

Read The Full Article Spain Blocks Polymarket and Kalshi Amid Gambling License Investigation On Coin Edition.