Spain temporarily blocks Polymarket and Kalshi, investigation may last months

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

Regulators believe that the two platforms offer local users prediction trading products based on future event outcomes without obtaining a Spanish gambling license, potentially violating local gambling laws. The Spanish authorities stated that unlicensed platforms lack necessary consumer protection measures such as identity verification, minor protection, and self-restriction mechanisms.

According to reports, the related investigation is expected to last 3 to 4 months. During the investigation period, Spanish users accessing the relevant websites will see a risk warning. Regulators may subsequently take measures such as fines, permanent restrictions, or requiring the platforms to apply for local licenses. (crowdfundinsider)