[Polymarket and Kalshi Face Ban by Spanish Government] Odaily Planet Daily News - The Spanish government is taking action to ban Polymarket and Kalshi, stating that the two prediction market platforms are operating in the country without obtaining gambling licenses, potentially violating the law. The department responsible for consumer affairs in Spain has issued preventive blocking orders against the websites of Polymarket and Kalshi. Officials will launch an investigation into activities suspected of violating gambling laws, with the related procedures expected to last three to four months. The Spanish gambling regulator stated that when prediction platforms allow users to bet on uncertain outcomes, they carry gambling risks, and companies seeking to provide such services require specific administrative licenses. Polymarket and Kalshi have not yet responded to requests for comment. (WSJ)