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GRAI prepares High Court action against unnamed prediction-market operator

Enforcement & compliance

Ireland's GRAI is preparing to seek a High Court order against an unnamed major prediction-market operator that continues serving the Irish market after regulatory intervention, director general Anne Marie Caulfield said. The regulator has sent warning letters to affected operators, while Caulfield said most platforms contacted had withdrawn or geoblocked their services.

Court action could seek to block an operator's site and related financial flows in Ireland.

Earlier fines and penalties by ANJ

DateCompanyAmountStoryAppeal status
PolymarketNot statedANJ orders French internet providers to block PolymarketNot stated
Not named572,799ANJ imposes $572,799 penalty on unnamed online betting operatorNot stated
Not namedEUR 500,000ANJ imposes €500,000 fine for duty-of-care failuresNot stated
Not namedEUR 15,000ANJ sanctions commission issues warnings and fines over return-to-player breachesNot stated

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Enforcement & compliance

DGOJ opens sanction files against Polymarket and Kalshi over prediction markets

Spain's DGOJ opened sanction proceedings against Polymarket and Kalshi on 26 May and ordered a precautionary block of their websites for allegedly operating without the required authorisation. The regulator treats risking money on uncertain future events as gambling under Spanish law, and Jdigital backed the block.

Spain's DGOJ opened sanction proceedings against Polymarket and Kalshi on 26 May and ordered a precautionary block of their websites, according to a report. The regulator said the platforms were allegedly operating without the necessary administrative authorisation. The DGOJ considers that when users risk money on uncertain future events, the activity is gambling subject to Spanish law.

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