Spain Sanctions Polymarket and Kalshi Amid Regulatory Crackdown
- Regulatory Action Intensifies: Spain's gambling regulator has initiated sanction proceedings against Polymarket and Kalshi, ordering their websites to be blocked, indicating a significant increase in regulatory scrutiny over unauthorized prediction market platforms, with the case expected to last three to four months, potentially impacting their operational models.
- User Protection Priority: Spanish authorities are focusing on licensing, access controls, and consumer safeguards, mandating licensed gambling operators to block minors and self-excluded users, thereby enhancing user safety and reducing potential harms associated with betting activities.
- Global Market Challenges: This action highlights the complexities faced by prediction markets operating under different legal systems, particularly the contrast between Kalshi's regulated U.S. model and Polymarket's crypto-native status, which may lead to legal conflicts regarding market access and user participation.
- Growth Constraints: The blocking measures in Spain could hinder the global growth of prediction markets, prompting platforms to strengthen licensing, geo-blocking, identity verification, and market surveillance in response to increasingly stringent regulatory environments.
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Technical Analysis for TST
Technical Sentiment Analysis for Test (TST). As of , Test (TST) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Test (TST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0103 | 0.0132 | 0.0155 | 0.0185 | 0.0208 | 0.0237 | 0.026 |
| Fibonacci | 0.0132 | 0.0152 | 0.0165 | 0.0185 | 0.0205 | 0.0217 | 0.0237 |
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