Spain blocks Polymarket, Kalshi for running prediction markets ‘without license’

26th May, 2026

Aravind Bulusu
Madrid gig

The Spanish Ministry of Consumer Affairs has claimed that prediction markets fall under gambling activities that require an administrative license to operate within the state.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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