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New Zealand DIA orders Kalshi and Polymarket to withdraw

Enforcement & compliance

New Zealand’s Department of Internal Affairs wrote to Kalshi and Polymarket on 16 February, saying their prediction market products meet the legal definition of gambling and that they must leave the market. The DIA said Kalshi had added New Zealand to its prohibited-country list and that it was monitoring Polymarket’s response.

The order requires both prediction market operators to stop offering gambling products in New Zealand.

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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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