Spain Moves to Block Polymarket and Kalshi Over Gambling Claims

Spain blocks Polymarket and Kalshi while probing whether the prediction markets operated without required gambling licenses. The post Spain blocks Polymarket and Kalshi over unlicensed prediction markets appeared first on Crypto Briefing.

Spain is the latest country to clamp down on the rising use of prediction market platforms like Polymarket and Kalshi.

Spain’s gambling watchdog opened sanctioning proceedings against Polymarket and Kalshi, ordering precautionary blocks on both platforms while it investigates whether the unlicensed operators violated the country’s gambling law. European Enforcement Efforts Grow as US Takes Different Direction The Dirección General de Ordenación del Juego (DGOJ) published the notices in the Boletín Oficial del Estado after […]

Spain joined a growing list of national authorities restricting or banning prediction market platforms amid concerns over unlicensed gambling activities.

The ban came on the heels of markets linked to the early departure of Indonesian President Prabowo Subianto.

The capital commitment powers Rain’s upcoming V2 launch ahead of the FIFA World Cup, establishing one of the deepest liquidity foundations in prediction markets and positioning Rain alongside industry leaders Polymarket and Kalshi Rain, the decentralized prediction markets protocol, announces a $100 million liquidity commitment to support the launch of

Spain's action highlights the growing global regulatory scrutiny on prediction markets, potentially reshaping their operational strategies. The post Spain blocks Polymarket, Kalshi over unlicensed betting products appeared first on Crypto Briefing.

Regulatory actions against prediction markets highlight the tension between innovation and consumer protection, potentially stifling sector growth. The post Spain blocks access to Polymarket and Kalshi over licensing issues appeared first on Crypto Briefing.