Spain blocks Polymarket, Kalshi prediction markets

Spain has initiated disciplinary proceedings against prediction market platforms Polymarket and Kalshi, ordering internet service providers to block access. The platforms were found to be operating without the necessary licenses required by Spanish gambling law. Authorities cited concerns over a lack of safeguards for minors and self-excluded gamblers as key reasons for the ban. This action by Spain adds to a growing international trend of regulatory scrutiny on prediction markets, with similar restrictions recently imposed in Indonesia and India. The blocking measures are expected to remain in place for three to four months while the cases are processed.