Spain has initiated legal action against Polymarket and Kalshi, seeking to have internet service providers block access to their platforms due to claims of operating unlicensed gambling services.
Spain is taking action against the prediction market platforms Polymarket and Kalshi, initiating legal proceedings and blocking their access within the country.
The Ministry of Consumer Affairs says the firms operated in Spain without gambling licenses.
The order targets access to both websites nationwide, while the case remains under review.
Spain Orders Website Blocks
Spain’s gambling authority, the Directorate General for the Regulation of Gambling, is taking legal action against Polymarket and Kalshi.
The body sits under the Ministry of Social Rights, Consumer Affairs and 2030 Agenda.
Polymarket and Kalshi are being blocked in Spain
Spain’s consumer protection agency has begun legal proceedings against the prediction markets Polymarket and Kalshi.
For allegedly operating as unlicensed gambling platforms.
The Spanish government has now ordered internet…
— StarPlatinum (@StarPlatinum_)
The regulator stated that both platforms were offering prediction markets to users in Spain without receiving the necessary local authorization.
It also ordered internet providers to block access to both websites as a temporary measure.
As a researcher following this case, I’ve learned that the official order to block access was published in the government’s Official State Gazette on Tuesday. From what I understand, this blocking will continue until the legal proceedings are fully resolved and a final decision is reached.
Officials in Spain have announced that these websites could be completely blocked nationwide within a week to ten days. The actual blocking will depend on internet companies and the necessary technical procedures.
Ministry Requests Blocking of Polymarket and Kalshi
Spain’s consumer protection agency has begun legal action against the prediction market platforms Polymarket and Kalshi.
Authorities have asked internet companies to block access to these websites as a temporary precaution while the investigation continues.
The restriction applies across Spain and may take several days to become fully active.
西班牙消费者事务部已对预测市场平台 Polymarket 与 Kalshi 启动纪律程序，并要求互联网服务商封锁访问。
西班牙博彩监管机构称，两家公司在未取得当地博彩牌照的情况下提供与未来不确定事件相关的投注产品，且可能缺乏未成年人保护、身份核验及自我排除赌客保护机制。
— 吴说区块链 (@wublockchain12)
Spain’s gambling authority stated that these two companies are providing bets on events with outcomes that are not yet known. They also noted that the companies do not have the required licenses to operate gambling services in Spain.
The regulator also expressed concern that these platforms might not have adequate safeguards in place. Specifically, they may be missing tools to protect young people, confirm users’ identities, and allow gamblers to voluntarily ban themselves.
In Spain, gambling companies must follow strict rules to protect both the technology they use and their customers. The gaming regulator confirmed that all licensed companies are required to adhere to these standards before offering services to Spanish players.
As Live Bitcoin News previously reported, Tether is partnering with the government of Georgia to create GEL₮, a stablecoin whose value is tied to the Georgian lari.
As a researcher on this project, we’re working to modernize Georgia’s financial system by bringing its national currency onto secure, digital networks. This will allow for quicker, less expensive, and more versatile payment options for everyone.
GEL₮ is expected to help expand digital payments, fintech access, and regional commerce in Georgia.
This stablecoin will be designed for secure transactions across digital wallets, applications, and payment systems by following strict rules for its reserves, how it can be redeemed, and regulatory compliance.
Read Also:
Indonesia Cracks Down on Polymarket in Gambling Clampdown
Proceedings Could Take Months
The ministry said the legal actions were started because they couldn’t directly reach the person or entity involved.
Authorities said notices were sent to known foreign addresses linked to the operators.
The matter was officially published in Spain’s Official State Gazette, following standard administrative procedures. This enabled the regulator to begin enforcement actions.
The ministry estimates it will take three to four months to reach a final decision in this case. As a safety measure, the current restrictions will stay in place during that time.
Polymarket and Kalshi are platforms where you can trade predictions on real-world events. Unlike typical sportsbooks, these platforms allow users to trade directly with each other.
This platform generally connects buyers and sellers, facilitating trades and potentially earning money through transaction fees.
Spain’s decision brings both companies under the watch of local gambling authorities. It also clarifies that the regulator believes prediction markets require licenses to operate within Spain.
This case revolves around whether these platforms were offering illegal gambling services. The court’s ruling will determine if they face fines or other limitations going forward.
Spain has officially taken action against Polymarket and Kalshi, blocking access to both platforms while investigating potential gambling violations.
Read More
- USD TRY PREDICTION
- USD JPY PREDICTION
- CNY JPY PREDICTION
- USD HKD PREDICTION
- NEAR PREDICTION. NEAR cryptocurrency
- USD AUD PREDICTION
- USD CNY PREDICTION
- USD ZAR PREDICTION
- Brent Oil Forecast
- BCH PREDICTION. BCH cryptocurrency
2026-05-26 20:54