[Spain Implements Preventive Block on Access to Polymarket and Kalshi] BlockBeats News, May 26: The Spanish Ministry of Consumer Affairs has initiated disciplinary proceedings against prediction market platforms Polymarket and Kalshi, requesting internet service providers to block user access to these platforms. According to a notice published in the Spanish Official State Gazette, these companies have been offering products related to uncertain future events without obtaining the licenses required under Spanish law. Local media reports indicate that regulators believe their operations may violate Spanish regulations. The Spanish government stated that during the case review process, the preventive blocking measures will remain in effect, with the entire process expected to take three to four months. Regulatory documents also noted that, as the authorities were unable to contact these companies through known overseas addresses, they ultimately opted to issue an official announcement and implement blocking measures. [Original Link]