Prediction markets are becoming increasingly popular now.

From the US elections to interest rates and sports events, more and more people are starting to trade future outcomes through platforms like Polymarket and Kalshi.
But problems are also beginning to emerge.
The Spanish gambling regulatory authority has temporarily ordered internet service providers to block Polymarket and Kalshi because both platforms have not obtained local gambling licenses in Spain.
Regulators believe that these types of trades based on future event outcomes already have gambling characteristics.
And the platforms lack local-required consumer protection mechanisms, such as identity verification, underage protection, self-limiting features, and so on.
This is also the most realistic issue facing prediction markets today.
In the crypto world, it might just be an on-chain market.
But in many countries' regulatory eyes, it is already close to online gambling.
Especially as more ordinary users participate, regulatory focus is no longer just on technology but on risk control.
In my opinion, such issues will only increase in the future.
Because prediction markets themselves are situated at the intersection of finance, gambling, and information trading, the boundaries of regulation are inherently blurred.
In the past, the industry emphasized permissionless and global openness.
But for long-term development, ultimately, local compliance cannot be avoided.
Including licenses, KYC, regional restrictions, user protection mechanisms—these may gradually become standard features.
To some extent, prediction markets are entering a stage where they must face real-world regulation.
#博彩监管 #Polymarket #Kalshi