Spain Blocks Prediction Markets Kalshi, Polymarket for Potential Gambling Law Violations
60-second summary
Spain is blocking prediction markets Kalshi and Polymarket for potential gambling law violations, joining a growing list of countries cracking down on these platforms. The move affects thousands of users, with Kalshi boasting over 70,000 registered traders and Polymarket having over 1 million users. This clampdown raises concerns about the future of decentralized prediction markets globally.
Spain is the latest country to clamp down on the rising use of prediction market platforms like Polymarket and Kalshi.