Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence
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Spain has blocked prediction markets Polymarket and Kalshi due to a lack of a gambling license. Prediction markets allow users to bet on the outcome of future events. The move is part of a broader effort by Spanish authorities to regulate online gambling. The exact terms of the block and potential consequences for the companies are unclear.
This development is significant for the tech industry as it highlights the challenges of navigating regulatory environments for online businesses, particularly those that operate in gray areas between gaming and prediction markets.
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Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence — shared on Hacker News from reuters.com. Trending in tech discussion.
- ▸01Polymarket and Kalshi are two prediction market platforms that have been blocked in Spain.
- ▸02The block is due to a lack of a gambling license, which is required for online gambling operations in Spain.
- ▸03The move is part of a broader effort by Spanish authorities to regulate online gambling.
Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence. Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence — shared on Hacker News from reuters.com.
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