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GGL warns that event contracts and social betting platforms are unlicensed in Germany

Regulation

Germany’s GGL warned that token-based social betting and event contracts, including products offered by Polymarket, are not permitted under the 2021 Interstate Treaty on Gambling and lack its licence. The regulator said contracts on real-world events constitute illegal betting in Germany and are not eligible for approval under German law.

Operators offering event contracts in Germany face the regulator’s warning that the products are illegal betting.

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Regulation

DGOJ links prediction markets to betting exchange rules in Spain

Spain’s DGOJ described prediction markets as cross-betting products in a 26 May notice, while its director general reiterated at MERGE Madrid in late October that gambling products require a licence to operate in Spain. The notice did not specify which licence applies; the article interprets the existing cross-betting category as potentially relevant. Italy’s 2013 rules allow player-to-player betting on non-sporting events, but the source says such events have not become part of a working exchange market.

Spain's DGOJ described prediction markets as player-to-player cross-betting in a 26 May notice, but did not say which licence applies, according to an analysis on an Italian gambling industry site. The author said a link to an existing cross-betting licence was an interpretation.

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