Spain's gambling regulator, DGOJ, has ordered internet service providers to block access to prediction markets Polymarket and Kalshi, citing a lack of proper gambling licenses. This action follows similar bans in the Netherlands, Belgium, Indonesia, and India, highlighting a growing global regulatory crackdown on such platforms. For crypto, this signifies increasing scrutiny on decentralized prediction markets like Polymarket, which leverage blockchain technology. The key takeaway is the widening scope of regulatory enforcement against platforms perceived as unlicensed gambling. Investors should watch for further jurisdictional actions and how these platforms adapt to maintain accessibility.
This story reveals a market structure where regulatory bodies are actively asserting control over perceived unlicensed financial activities, regardless of underlying technology. It implies that even decentralized platforms are not immune to traditional jurisdiction-based enforcement. This trend points towards increasing friction for global crypto adoption and user access.
Spain’s DGOJ ordered ISPs to block Polymarket and Kalshi for operating without gambling licenses, joining the Netherlands, Belgium, Indonesia, and India. The post Spain Joins Growing Global Crackdown on Polymarket and Kalshi Over Missing Gambling Licenses appeared first on Unchained.