Spain Tightens Prediction Market Rules, Banning Polymarket and Kalshi
Key Takeaways Spain joins global crackdown, blocking Polymarket and Kalshi as regulators treat prediction markets as gambling rather than investment tools. Regulators are classifying prediction markets as gambling because of real-money bets on elections, economic outcomes, and other real-world events. Regulators are blocking platforms outright because existing financial and gambling laws don’t clearly cover prediction...
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