Spain temporarily blocks Polymarket and Kalshi; investigation may last several months

Odaily Planet Daily reports that the General Directorate for Gambling Regulation (DGOJ) under the Spanish Ministry of Consumer Affairs has ordered internet service providers to temporarily block access to the prediction market platforms Polymarket and Kalshi.

Regulators believe that these two platforms, without obtaining a Spanish gambling license, offer local users prediction trading products based on the outcomes of future events, which may violate local gambling laws. Spanish authorities stated that unlicensed platforms lack necessary consumer protection measures such as identity verification, minor protection, and self-limitation mechanisms.

According to reports, the relevant investigation is expected to last 3 to 4 months. During the investigation period, Spanish users will receive a risk warning when accessing the relevant websites. Regulatory authorities may subsequently impose measures such as fines, permanent restrictions, or requirements to apply for local licenses. (crowdfundinsider)