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Spain’s ministry of consumer rights blocked access to Kalshi and Polymarket this week. The country has paused the use of the prediction markets (also known as event contracts) as it determines whether their models are operating legally without a gambling license.
Spain joins France, Belgium, the Netherlands, and Romania, which have all limited or blocked access to Polymarket.
The controversy begs the question: are prediction markets useful forecasting tools, speculative tools, or simply...
Digital financial services...