Spain has blocked access to prediction market platforms Polymarket and Kalshi for operating without proper gambling licenses. The move highlights the ongoing regulatory challenges facing prediction markets globally as they navigate between being classified as financial instruments or gambling operations.
Background
Prediction markets allow users to bet on the outcome of future events, but their legal status varies by jurisdiction, with some countries treating them as gambling and others as financial instruments.
- Source
- Hacker News (RSS)
- Published
- May 26, 2026 at 09:08 PM
- Score
- 6.0 / 10