Spain joins growing list of countries shutting out Polymarket and Kalshi
60-second summary
Spain is joining a growing list of countries blocking Polymarket and Kalshi, two popular prediction markets, for operating without necessary licenses. The platforms were shut down due to a lack of safeguards for minors and self-excluded gamblers, violating Spanish gambling law. This move reflects increasing global scrutiny of unregulated prediction markets and their potential risks.
The platforms were blocked for operating without licenses required by Spanish gambling law, citing a lack of safeguards for minors and self-excluded gamblers.