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Spanish government opens proceedings over Kalshi and Polymarket ban

Enforcement & compliance

The Spanish government launched disciplinary proceedings against prediction-market companies Kalshi and Polymarket after an official ban, according to the report. The available details do not specify the allegations or the companies’ responses.

The proceedings put the companies’ access to the Spanish market under regulatory scrutiny.

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Enforcement & compliance

New York files illegal gambling lawsuit against Polymarket

New York has sued Polymarket over alleged illegal gambling. Polymarket has filed a lawsuit in response, following New York’s earlier legal action against Kalshi.

New York filed an illegal gambling lawsuit against Polymarket, the state's complaint alleging that the company runs a gambling business without a New York gaming license. Polymarket's response was to shift the matter into federal court, and the company brought a separate action of its own against New York gaming officials.

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