Spain blocks prediction markets Polymarket Kalshi

Spain has blocked prediction markets Polymarket and Kalshi for operating without gambling licences. The platforms were ordered to be blocked by ISPs within seven to ten days, with a formal investigation expected to last three to four months. This action follows similar blocks in Brazil, Indonesia, India, Portugal, and other countries. The global crackdown on prediction markets may restrict access in European and emerging markets, while the United States takes a different approach under federal oversight.