European Regulators Unite Against Unlicensed Prediction Markets
- Nine European countries, including France and Germany, pledged joint enforcement against unlicensed prediction markets during the World Cup.
- The statement advises sports bodies to verify platform legality before forming partnerships.
- Kalshi and Polymarket have been blocked or are under investigation in several European countries, such as Spain since May.
- Sector trading volume reached $8.6 billion in April, with Kalshi surpassing Polymarket.
European regulators are coordinating efforts to combat unlicensed prediction markets amid the World Cup betting surge, emphasizing legal compliance for sports partnerships. Kalshi’s recent sponsorship deals highlight the growing scrutiny of these platforms.
With a trading volume of $8.6 billion in April and increased regulatory attention, platforms like Kalshi must navigate complex legal landscapes during major events like the World Cup. Source
