Webinar in Spain discusses cross-operator deposit limits, prediction markets, and more gaming topics.

Prediction market betting might soon make its debut in Spain, as explored in a recent webinar hosted by Gaming in Spain, which delved into significant new developments in the Spanish regulated iGaming market. Key speakers included Xavi Munoz Bellvehí, Managing Partner at ECIJA Barcelona; Camille Gonzálvez, TMT & iGaming Lawyer at ECIJA; and Josh Hodgson, COO of H2 Gambling Capital. They discussed the latest legislation that could impact the industry locally. Highlighted topics included specific amendments to the Remote Gambling Act, suggesting stricter player ID requirements to combat income tax evasion, the creation of a registry for approved B2B software suppliers to ward off illegal gambling, and further advertising restrictions. The webinar also accommodated a last-minute government proposal to introduce a cross-operator deposit limit in Spain. The testing period for this initiative will begin on September 25 and run through March 25, 2027. H2 Gambling Capital cautioned that this measure could reduce player spending by around €300 million since players won't be able to deposit more. Market channelization could decline to 74% by 2027 and stabilize at 71% from 2028 onward. Adding to the discussions, the webinar also addressed the latest happenings around Polymarket and Kalshi. Despite the regulator's critical stance, the speakers indicated potential for prediction betting under current laws. With prediction betting gaining popularity, this development could be advantageous for Spanish-licensed operators. However, it's important to remember that the competitiveness of prediction markets compared to sports betting is often overstated due to how transaction volumes are calculated, as noted in a press release.