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

The Guardian UK Tuesday 26 May 2026, 13:46 UTC By Ashifa Kassam European Community affairs correspondent 1 min read
Key Points

Spain's ministry of consumer rights has blocked access to the prediction market sites Polymarket and Kalshi. The ministry is investigating whether these platforms are operating in breach of Spanish law by failing to hold the necessary gambling licence.

Prediction sites, which allow bets on all topics from weather to politics, may be in breach of country’s rules

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.

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Originally published by The Guardian UK Read original →

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