Polymarket and Kalshi makes another European enemy as Spain launches legal action

Spain’s La Dirección General de Ordenación del Juego (DGOJ) has become the latest gambling regulator in Europe to launch disciplinary proceedings against prediction market operators Polymarket and Kalshi.

The regulator has accused both companies of operating in the country without the required gambling licenses.

In a notice published in Spain’s Official State Gazette (BOE), the DGOJ confirmed it has also ordered the precautionary blocking of both websites in Spain while the proceedings are ongoing.

The regulator said prediction markets fall within Spain’s gambling framework whereby users can wager on future events, meaning operators must hold a specific administrative authorisation to legally offer the products in the country.

The DGOJ stressed that unlicensed platforms do not comply with Spain’s regulatory safeguards, including identity verification controls, protections preventing access by minors and self-excluded users, and broader consumer protection standards.

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