Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licences

Spain’s Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi ​for operating in the country without a ‌gambling licence, the official state gazette showed this week. In a statement, the ministry said its gambling ​watchdog had opened a probe into the ​US-based companies for allegedly breaching local rules ⁠by lacking mandatory administrative authorisation. […]