Spain blocks Polymarket, Kalshi for operating without licenses amid widening global crackdown on prediction markets

Key takeaways

• 1Spain blocked Polymarket and Kalshi on May 26 for operating without proper licenses.
• 2Global regulators are increasingly cracking down on unlicensed prediction market platforms.
• 3Prediction markets face intensifying international regulatory scrutiny across multiple jurisdictions.

Why it matters

India may follow similar regulatory patterns, potentially requiring crypto platforms to obtain local licenses. This signals tightening global compliance requirements that could impact Indian retail investors' access to international prediction markets.