Spain blocks Polymarket and Kalshi over missing gambling licences (opens in new tab)

Covers Kalshi and Polymarket are racing to ban insider trading. The economist who built the theory behind prediction markets says it’s the whole point

A three-to-four month suspension while Madrid’s gambling watchdog investigates makes Spain the latest European jurisdiction to treat prediction markets as unlicensed betting. Spain has temporarily blocked the US-based prediction markets Polymarket and Kalshi for operating in the country without a gambling licence, according to an order published in the Spanish state gazette on Tuesday by […] at The Next Web

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