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The post Spain Blocks Polymarket and Kalshi Amid Gambling License Investigation appeared on BitcoinEthereumNews.com. 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 gambling regu
Read full articleThis case underscores the legal risks of exploiting corporate data in prediction markets, potentially tightening regulatory scrutiny on such platforms. The post Google engineer charged with insider trading on Polymarket after $1.2M in alleged profits appeared first on Crypto Briefing.
Institutional interest in prediction markets raises questions around liquidity, market depth, event risk and the line between trading and betting.
The post States have lost $1 billion due to prediction markets: Gaming association appeared on BitcoinEthereumNews.com. The American Gaming Association now estimates that states have missed out on more than $1 billion in tax revenue due to the rise of prediction markets. In an appearance on CNBC’s “Squawk Box” detailing the estimate, association president and CEO Bill Miller said that the lost money has consequences for communities due to the taxes states collect on regulated gambling. “It’s about states and tribes that are losing literally a billion dollars today in state and tribal revenue that would otherwise go to fund important community projects,” he said, referencing the consequences it has on Native American casinos’ revenues too. Miller — whose organization is an advocate for casino operators, manufacturers and employees — said prediction markets amount to “backdoor sports betting.” The only difference, in his view, is that they aren’t regulated in the same way as sportsbo
Gemini's partnership with SpaceXAI could reshape prediction markets by enhancing user engagement and fostering competitive innovation in the sector. The post Gemini taps SpaceXAI to develop personalized prediction markets feed appeared first on Crypto Briefing.
The post Doublespeak’s Vince Clarke, Neil Arthur And Benge On Their Synthpop Covers Album appeared on BitcoinEthereumNews.com. Doublespeak. credit: Doublespeak The first time that British keyboardist Vince Clarke and singer Neil Arthur met was around 1981, when Clarke’s then-band, Depeche Mode, was touring with Arthur’s group, Blancmange, as the support act. “We got to know each other quite well,” Clarke says today. “We all went on vacation together. It was to Tenerife, as I recall, in Spain. And Neil and I have been sort of keeping in touch off and on for all this amount of time.” Adds Arthur, “We [Blancmange] were involved with Steve-O, who put together the Some Bizzare compilation album, which we were lucky enough to be on along with Depeche Mode, Soft Cell, Illustration and The The…We went on tour after Depeche Mode signed to Mute. So I got to know Vince kind of around that time.” More than 40 years later, Clarke and Arthur have formed a supergroup called Doublepseak with musician-
The post Polymarket Tightens ID Checks Amid Sanctions Pressure Growth appeared on BitcoinEthereumNews.com. Polymarket tightens ID checks as regulators target sanctions gaps and offshore trading access risks. VPN use and routing tricks keep exposing gaps in Polymarket’s geo-blocking enforcement system. Rising prediction market volumes trigger U.S. probes into trading, identity checks, and compliance. Polymarket is tightening identity checks as regulators step up pressure on prediction markets over sanctions risks and offshore access concerns. The platform has come under closer scrutiny after reports showed users in restricted countries still managed to access markets using VPNs, bots, and other workarounds. According to The Information report, company documents show that Polymarket blocks users from countries including the United States, Russia, Iran, Germany, France, the United Kingdom, and the Netherlands. However, enforcement concerns continue growing as some users reportedly bypass
The post Polymarket says no mandatory KYC planned for main prediction market appeared on BitcoinEthereumNews.com. Polymarket has clarified that it is not introducing mandatory Know Your Customer checks across its main prediction market platform despite renewed scrutiny over compliance and restricted-jurisdiction access. Summary Polymarket said KYC checks are limited to a new beta product and will not apply to its main prediction market platform. The clarification followed reports that regulators have increased pressure over sanctions compliance, restricted market access and anonymous trading activity. Brazil and Spain have already moved against Polymarket operations as U.S. regulators continue examining insider trading and market integrity risks tied to prediction markets. In a post on X, Polymarket vice president of engineering Josh Stevens said identity verification applies only to a new beta product currently being tested with a limited group of users. False. We are launching a new
Polymarket's decision to avoid KYC on its main platform may influence regulatory scrutiny and impact its competitive positioning. The post Polymarket clarifies KYC applies only to new beta product, not existing platform appeared first on Crypto Briefing.
