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Spain just blocked two of the biggest prediction markets in the world.
Polymarket and Kalshi.
The Ministry of Consumer Affairs in the country opened sanctions proceedings against both platforms for operating without a gambling license.
Internet providers across the country have been ordered to block access to both sites.
Full blackout expected in 7 to 10 days.
Spain's argument was:
Users are putting money on uncertain future outcomes.
That is same as gambling.
As a result, No license, no access