Kalshi alternatives
Kalshi alternatives in Spain
Is Kalshi legal in Spain?
Quick answer
Kalshi is unavailable to Spain residents. The exchange is registered with the CFTC as a US Designated Contract Market and onboards only US persons, KYC requires a US identity document and a US bank account, so a VPN does not help. Spain residents are filtered at the KYC step.
Available alternatives in Spain
| Platform | Status | Notes |
|---|---|---|
| Polymarket Largest crypto-settled prediction market by volume; USDC on Polygon. | Blocked | Reachable via VPN, Polymarket ToS gray zone. |
| Manifold Play-money prediction market, no real cash, free to use globally. | Available | — |
| Smarkets UK-licensed betting exchange with political and event markets. | Restricted | — |
| Limitless Newer on-chain prediction market on Base; lower fees, smaller volume. | Available | — |
| PredictIt Academic political prediction market run by Victoria University of Wellington. | Blocked | — |
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Regulatory context
CNMV is the Spanish securities and markets regulator. It publishes warnings against unauthorized investment service providers operating in Spain and coordinates with DGOJ on wagering-adjacent products.
Official source: cnmv.esOther platforms in Spain
Common questions
01Is Kalshi legal in Spain?
Is Kalshi legal in Spain?
Kalshi is unavailable to Spain residents. The exchange is registered with the CFTC as a US Designated Contract Market and onboards only US persons, KYC requires a US identity document and a US bank account, so a VPN does not help. Spain residents are filtered at the KYC step.
02What's the best Kalshi alternative in Spain?
What's the best Kalshi alternative in Spain?
Manifold, Play-money prediction market, no real cash, free to use globally. It works natively from Spain and is the cleanest fallback when Kalshi isn't an option.
03Why is Kalshi US-only?
Why is Kalshi US-only?
Kalshi is a CFTC-registered Designated Contract Market. Its license is granted under US commodities law and covers US persons only. International expansion would require equivalent registrations in each target jurisdiction.
04Does a VPN work to access Kalshi from outside the US?
Does a VPN work to access Kalshi from outside the US?
No, Kalshi's gate is hard KYC, not just an IP check. Onboarding requires a US driver's license or SSN plus a US bank account for ACH funding. A VPN hides your IP but doesn't produce those documents.
05VPN from Spain?
VPN from Spain?
Some users do. Standard ToS gray zone, standard small risk. Manifold and Limitless are simpler if you want no VPN at all.
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Polymarket, Kalshi, Manifold, Limitless, Smarkets, Qotify's vision AI reads any orderbook image and returns implied probability, fair value, edge, and a suggested action.