- Spain’s gambling regulator has ordered the blocking of polymarket и Kalshi countrywide.
- Prediction markets are accused of violating local gambling laws.
Spain’s Directorate General for Gambling Regulation has blocked local users’ access to prediction markets. polymarket и Kalshi due to the lack of gambling licenses.
The Spanish Ministry of Justice reminds that in Spain, as in other European jurisdictions, prediction markets are considered gambling, where bets are placed on uncertain future outcomes. Therefore, operating such markets in Spain requires a special administrative license. said regulator
In Spain, prediction markets are considered gambling if bets are placed on an uncertain future outcome. Platforms must have a special administrative license to serve users in the country. Unauthorized platforms lack the identity verification systems, access controls, and self-exclusion mechanisms required by Spanish law.
It is known that the blocking is temporary until the end of the trial, which is expected to last from three to four months. polymarket have already announced that the platform is “ready for constructive interaction with the relevant authorities in any jurisdiction,” Kalshi There are no comments yet.
Редакция Happy Coin News I’ve already written about the ban on prediction markets in various jurisdictions. A few days ago polymarket blocked in Indonesia due to bets on the president’s early resignation. Other countries, including Australia, France, Poland, Singapore, Ukraine, and Switzerland, had previously restricted access to the platform.
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