Trump defends prediction markets and backs CFTC federal rules amid state legal fights
first published 2026-05-26T12:06:25Z
Spain's Consumer Affairs ministry and gambling regulator opened disciplinary proceedings against Polymarket and Kalshi, ordered internet providers to block access, and said the platforms operated without the licenses required under Spanish gambling law and lacked protections for minors and self-excluded gamblers. The block remains in place while the cases proceed.
AI Analysis
The article reports regulatory action, an access block, and claims the platforms lacked required licenses and safeguards. This is negative for the affected prediction-market platforms, but the market impact is moderate rather than high because it is a country-specific enforcement action.
Expected Investor Sentiment: Neutral
Potential Market Impact: High
Source Articles
- Spain joins growing list of countries shutting out Polymarket and Kalshi - CoinDesk
- Indonesia Blocks Polymarket After Bets on President’s Early Departure - Decrypt
- Spanish authorities block Polymarket and Kalshi over gambling laws - Cointelegraph
- Spain Goes After Polymarket, Kalshi as Legal Fork Between US and EU Keeps Widening - Bitcoin.com
- Spain Blocks Prediction Markets Kalshi, Polymarket for Potential Gambling Law Violations - Decrypt
- Spain blocks 2 prediction markets in gambling crackdown - Crypto News
- Trump praises prediction markets, defends CFTC as court cases compound - CoinDesk
- Trump’s prediction market push sparks fresh state authority clash - Crypto News
- Trump Defends Prediction Markets and Bitcoin in Truth Social Post Praising CFTC’s Selig - Bitcoin.com
- Trump backs CFTC authority over prediction markets - Cointelegraph
- Trump Defends Prediction Markets in Major US Crypto Power Play - Coinpedia
