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Spain blocks Polymarket and Kalshi amid prediction market probe

By PulseAugur Editorial · [4 sources] ·

Spain has temporarily blocked access to prediction market platforms Polymarket and Kalshi as it investigates their legality. The Spanish government is examining whether these platforms are operating in violation of gambling laws by not holding the necessary licenses. This action follows similar regulatory challenges and bans in several US states, though the US federal government, through the CFTC, asserts its sole jurisdiction over such markets and is even suing states that attempt to ban them. Concerns have also been raised about potential insider trading and market manipulation on these platforms, with notable incidents involving classified information and rigged weather bets. AI

IMPACT Regulatory scrutiny on prediction markets may impact platforms that use AI for market analysis or risk assessment.

RANK_REASON Regulatory action by a national government against major prediction market platforms. [lever_c_demoted from significant: ic=4 ai=0.4]

Read on Engadget →

AI-generated summary · Google Gemini · from 4 sources. How we write summaries →

Spain blocks Polymarket and Kalshi amid prediction market probe

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Regulatory action by a national government against major prediction market platforms. [lever_c_demoted from significant: ic=4 ai=0.4]
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4 independent sources
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COVERAGE [4]

  1. Engadget TIER_1 English(EN) · [email protected] (Lawrence Bonk) ·

    Spain blocks Polymarket and Kalshi as it investigates prediction market platforms

    US states have also tried to regulate Polymarket and Kalshi, but the federal government isn't having any of it.

  2. Engadget TIER_1 English(EN) · [email protected] (Jackson Chen) ·

    Kalshi and Rhode Island sue each other in latest challenge to prediction markets

    Rhode Island joins other states that have taken similar legal action.

  3. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    📰 Spain Blocks Polymarket and Kalshi Spain has temporarily blocked Polymarket and Kalshi while it investigates whether the prediction-market platforms are viola

    📰 Spain Blocks Polymarket and Kalshi Spain has temporarily blocked Polymarket and Kalshi while it investigates whether the prediction-market platforms are violating gambling laws by operating without a license. Engadget reports: The c... 📰 Source: Slashdot 🔗 Link: https://news.sl…

    LINKS news.slashdot.org/…/spain-blocks-polymark…
  4. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    📰 Spain blocks Polymarket and Kalshi as it investigates prediction market platforms US states have also tried to regulate Polymarket and Kalshi, but the federal

    📰 Spain blocks Polymarket and Kalshi as it investigates prediction market platforms US states have also tried to regulate Polymarket and Kalshi, but the federal government isn't having any of it. 📰 Source: Engadget - Technology News & Expert Reviews 🔗 Link: https://www.engadget.c…

    LINKS engadget.com/…/spain-blocks-polymarket-an…

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