Spain blocks access to Polymarket and Kalshi as it launches gambling licence investigation

Spain’s consumer rights ministry blocked access to Polymarket and Kalshi while investigating whether the prediction market platforms violate Spanish law by operating without a gambling licence. Disciplinary proceedings were launched against both sites, and access within Spain would remain blocked until the investigation ends. The ministry expects a final decision in three to four months. Spanish officials said prediction markets are treated as gambling when bets are placed on uncertain future outcomes, requiring a specific administrative licence. The licence process would require safeguards such as identity verification and measures to prevent access by children and by people who self-exclude or are banned from gambling. The ministry said it attempted to notify the companies before blocking them, but notification efforts were unsuccessful.

"Spain's ministry of consumer rights has blocked access to Polymarket and Kalshi while it investigates whether the leading prediction market sites are violating Spanish law by operating without a gambling licence. On Tuesday the ministry said it had launched disciplinary proceedings against the two platforms, which allow users to bet on everything from the weather to political events, amid allegations that they lacked the necessary administrative authorisation to operate in Spain."

"The two sites would be blocked domestically until the investigation was concluded, it said in a statement, which added: The process of reaching a final decision is expected to take between three and four months. The move by Spanish regulators was the latest point of friction between prediction market sites and gambling watchdogs across Europe."

"In Spain, in line with other European jurisdictions, prediction markets are considered gambling when bets are placed on uncertain future outcomes, the ministry said. Therefore, operating them in Spain requires obtaining a specific administrative licence. To obtain this licence, operators would have to comply with a series of safeguards, such as identity verification systems and mechanisms to bar access by children as well as people who have self-excluded or who are banned from gambling, it added."

"The ministry said it had attempted to notify Polymarket and Kalshi before blocking the US-based companies, but that their efforts had proved unsuccessful. Neither Polymarket nor Kalshi responded to a request for comment from the Guardian."

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