Spain Blocks Polymarket and Kalshi Over Gambling License Violations

Spain has taken regulatory action against prediction market platforms Polymarket and Kalshi, ordering internet service providers to block access after finding they operated without required gambling licenses.

The Ministry of Consumer Affairs opened disciplinary proceedings through the Directorate General for Gambling Regulation (DGOJ). Officials said both platforms were offering betting style products linked to uncertain future events without legal authorization under Spanish gambling law.

Authorities Cite Lack of Player Safeguards

Spanish regulators highlighted concerns over missing protections for users. They said the platforms did not provide strong safeguards for minors or systems for self-excluded gamblers. Authorities also pointed to weak identity checks, raising risks for consumer protection.

The blocking order is temporary but will stay in place during the investigation process, which is expected to last around three to four months.

Global Crackdown on Prediction Markets Expands

Spain now joins a growing list of countries restricting prediction markets. Indonesia and India have already blocked similar platforms, while countries including France, Germany, the UK, Australia, Belgium, and others have also imposed limits.

Together, Kalshi and Polymarket dominate the sector, accounting for most global trading volume, which has intensified regulatory attention worldwide.