Industry Updates

Nine EU Regulators Unite Against Prediction Markets at World Cup

Nine European gambling regulators have signed a joint declaration targeting unlicensed prediction market platforms, with Spain already moving against Polymarket and Kalshi.

Olga Muntyan
Olga Muntyan

Jun 25, 2026 · 10 min read

Nine EU Regulators Unite Against Prediction Markets at World Cup

The FIFA World Cup 2026 has triggered an unusual show of regulatory solidarity across Europe. Nine gambling regulators — spanning Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain, and Switzerland — have signed a joint declaration targeting the rapid expansion of prediction market platforms, citing addiction risks, identity verification failures, and the operation of multiple platforms without a licence.

For Spain's DGOJ (Dirección General de Ordenación del Juego), the declaration formalises an enforcement posture that is already in motion. The Ministerio de Derechos Sociales, Consumo y Agenda 2030 has confirmed that it will intensify oversight of online gambling throughout the tournament — a commitment that arrived shortly after Spain opened sanctioning procedures against Polymarket and Kalshi, both of which had their websites subject to precautionary blocking for operating in Spain without the required administrative authorisation.

A Coordinated Front, Not Just a Statement

Joint declarations from regulators are not uncommon. What makes this one notable is both its breadth — nine jurisdictions across Western and Central Europe — and its timing, coinciding with the opening of one of the highest-profile sporting events in the world. Major tournaments have historically been flashpoints for unlicensed betting activity, and regulators appear determined not to be caught flat-footed as prediction markets seek to capitalise on the heightened public interest.

The declaration does not merely register concern. It sets out a framework for reinforced cross-border cooperation: shared information, exchanged best practices, and coordinated enforcement action against platforms that fail to meet local licensing requirements. Critically, the signatories make clear this cooperation will outlast the tournament itself, describing the initiative as the foundation for permanent international coordination mechanisms.

What Regulators Say Is Wrong With Prediction Markets

Нижче наведено перелік дев'яти юрисдикцій, що підписали декларацію, із зазначенням їхнього членства в ЄС та регуляторного органу, причетного до ініціативи. Це допомагає оцінити географічне та інституційне охоплення коаліції.

КраїнаЧлен ЄСРегуляторний контекст
БельгіяТакПідписант декларації
ФранціяТакПідписант декларації
НімеччинаТакПідписант декларації
ІталіяТакПідписант декларації
НідерландиТакПідписант декларації
ПольщаТакПідписант декларації
ПортугаліяТакПідписант декларації
ІспаніяТакDGOJ; вже ввела превентивне блокування Polymarket і Kalshi
ШвейцаріяНіПозачленна держава з власною ліцензійною базою

Which Countries Signed the Declaration

The nine signatories represent a broad cross-section of European gambling jurisdictions: Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain, and Switzerland. This mix includes some of the EU's largest regulated gambling markets alongside Switzerland, which sits outside the EU but maintains its own robust licensing framework — underscoring that the coalition is defined by regulatory alignment rather than EU membership alone.

9

EU regulators who signed the joint declaration against prediction markets

2026

FIFA World Cup year that triggered the regulatory coordination

24/7

Operating hours of unregulated prediction market platforms, cited as a risk factor

The declaration identifies a cluster of structural features that, in the regulators' view, make unregulated prediction market platforms particularly hazardous. These platforms operate 24 hours a day with no downtime. They impose no effective spending limits and no caps on participation time. Identity and age verification mechanisms are described as minimal — a significant gap given the platforms' documented popularity among young adults.

The combination of these characteristics with the viral, social-media-native nature of many prediction market products is, according to the declaration, what creates a "significant addictive cycle."

Beyond addiction risk, the joint statement issues a direct warning on financial and legal exposure:

As regulators, we play a key role in ensuring player protection throughout the tournament and in ensuring that prediction markets operate in accordance with the licensing and regulatory requirements of each jurisdiction.

Joint declaration signed by nine European regulatory organisms

This type of platform entails serious risks of illegality, frozen funds, insider fraud and financial volatility.

Warning from the joint declaration

The insider fraud reference is pointed. Prediction markets aggregate real-money positions on outcomes that can be influenced by those with privileged access to information — in a sporting context, this could mean club officials, agents, or players themselves.

Warning

The joint declaration does not rely on a single concern — it identifies four distinct categories of harm: (1) addiction risk driven by 24/7 access and no spending or time limits; (2) identity and age verification failures, with particular concern about young adult uptake; (3) insider fraud enabled by the real-money, outcome-based structure of prediction markets; and (4) financial volatility and the risk of frozen user funds. Platforms that address only one of these categories should not expect regulatory tolerance on the others.

A Direct Warning to Sport's Commercial Ecosystem

One of the more striking passages in the declaration is addressed not to bettors, but to the sport industry. Federations, leagues, clubs, and professional teams are explicitly told to verify the legal status of any prediction market platform before entering commercial or sponsorship agreements.

Several prediction market platforms have been actively expanding their presence in international sport, making this regulatory warning directly relevant to sponsorship and commercial teams across professional football.

The timing is deliberate. Several prediction market platforms have been increasing their visibility in sport through branding partnerships, and the World Cup presents an obvious opportunity to accelerate that strategy. Regulators appear to be drawing a line before those relationships become entrenched.

Due Diligence Checklist for Sports Commercial Teams

The declaration creates immediate practical obligations for any federation, league, or club reviewing prediction market sponsorship proposals. Before signing, commercial teams should confirm: (1) whether the platform holds a valid licence in each jurisdiction where club content will be broadcast; (2) whether the platform's age and identity verification meets local regulatory standards; and (3) whether legal counsel has reviewed the jurisdictional compliance status — not just in the club's home market, but across the tournament's broadcast footprint. The source does not specify what penalties federations themselves could face, but reputational and contractual exposure is implicit in the regulators' direct address to the sport industry.

Spain's Prior Enforcement Sets the Tone

Spain's actions against Polymarket and Kalshi give the declaration concrete teeth in at least one jurisdiction. The precautionary web blocking — ordered for operating without administrative authorisation — signals that the DGOJ is prepared to act quickly and publicly against platforms it deems non-compliant, without waiting for lengthy sanction processes to conclude.

This is relevant context for operators and affiliates active in Spain. The regulatory posture suggests a low tolerance for grey-area operations, particularly those that might argue their product falls outside traditional gambling definitions. Spain's comprehensive gambling law reform — currently under public consultation — signals that this tightening of definitions is part of a broader legislative agenda, not simply a tournament-specific measure.

Precautionary Blocking vs. Full Sanction: A Key Distinction

Spain's action against Polymarket and Kalshi used precautionary web blocking — a faster enforcement tool that does not require a full sanctioning procedure to conclude. This is a meaningful procedural choice: it signals the DGOJ is prioritising speed of impact over process completeness, which is consistent with the tournament timeline. Operators and affiliates in Spain should treat a precautionary block as a serious enforcement signal, not a temporary measure pending a lenient outcome.

What This Means for Operators and the Market

The joint declaration raises several questions that compliance teams and product strategists at licensed operators should be tracking.

Regulatory arbitrage is narrowing. With nine jurisdictions now coordinating explicitly on prediction markets, the window for platforms to operate freely across European markets while claiming they are not subject to gambling regulation is shrinking. The declaration signals that regulators intend to close definitional gaps, not wait for legislatures to act.

Sport partnerships carry new compliance risk. The direct warning to federations and clubs means that commercial teams at those organisations will face internal pressure to conduct legal due diligence on prediction market sponsors. For platforms seeking sports deals as a growth channel, this creates friction at exactly the moment they were gaining traction.

The cooperation framework matters beyond the World Cup. The signatories explicitly commit to maintaining and deepening cross-border coordination after the tournament ends. This is not a one-off response to a sporting event — it is the construction of a standing multilateral mechanism. For the prediction market sector, that is a more durable constraint than any single national enforcement action. The Copenhagen Group's roadmap against illegal gambling — adopted just weeks earlier — provides additional institutional context for how European regulators are building these standing coordination structures.

Licensed operators in regulated European markets may ultimately find this development works in their favour. If the enforcement net tightens around unlicensed competitors who currently attract users without meeting consumer protection obligations, the competitive landscape shifts — though only if enforcement is sustained beyond the tournament's final whistle.

According to AzarPlus.

Olga Muntyan

Written by

Olga Muntyan

Director of Project Management

Olga has been leading project management at We–Right™ Factory since 2020, coordinating multilingual content delivery for iGaming operators and affiliates. She manages timelines, team capacity, and cross-market workflows that keep large-scale content production on track. On iGamingWriter.blog, Olga writes about project coordination, content pipeline management, and operational efficiency in iGaming content teams.

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