Polymarket and Kalshi Face Blockade by Spanish Government

Odaily Odaily Planet Daily reported that the Spanish government is taking action to block Polymarket and Kalshi, stating that the two prediction market platforms operate in the country without obtaining gambling licenses, allegedly violating the law. Spain's consumer affairs department said it has issued a preventive blockade order against the Polymarket and Kalshi websites, and officials will investigate suspected violations of gambling laws. The relevant process is expected to last three to four months.

Spain's gambling regulatory authority stated that when prediction platforms allow users to bet on uncertain outcomes, they pose a gambling risk, and companies seeking to offer such services require specific administrative licenses. Currently, Polymarket and Kalshi have not responded to requests for comment. (WSJ)