Goodbye to Polymarket and Kalshi in Spain: The government blocks 'prediction markets' for lacking a gambling license

Spain’s Consumer Ministry has ordered telecom operators to block Polymarket and Kalshi websites.

The government also opened a sanctions case, arguing both platforms are running gambling services without a license.

The move reflects a broader European crackdown on prediction markets, while the U.S. remains more permissive.

The case highlights a regulatory fight over whether these products should be treated as betting or financial instruments.