Spain Temporarily Blocks Polymarket and Kalshi, Investigation May Last Several Months

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

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

Reports indicate the related investigation is expected to last 3 to 4 months. During the investigation period, Spanish users will receive risk warnings when accessing the relevant websites. Regulatory authorities may subsequently impose measures such as fines, permanent restrictions, or require the platforms to apply for local licenses. (crowdfundinsider)