Spain has blocked access to prediction markets Polymarket and Kalshi, citing unlicensed operations and consumer protection gaps. The Directorate General for the Regulation of Gambling (DGOJ) initiated disciplinary proceedings and ordered nationwide website blocks, stating that both platforms lacked the necessary authorization to offer betting products in Spain. This move aligns Spain with other jurisdictions treating prediction markets as gambling services. The DGOJ's action highlights the need for local gambling approval, emphasizing user protection measures such as identity checks and self-exclusion systems. The investigation, expected to last three to four months, underscores the regulatory challenges faced by prediction markets globally. Spain's decision follows similar actions by Indonesia and Brazil, reflecting a broader crackdown on platforms offering event-based contracts without proper licensing.