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by torcete
27 days ago
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> Spain's Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi [..] Why a ministry has the authority to do so?
What I don't like about my country, and the whole UE, is the lack of democracy. And this is a good example. A democracy needs to have real separations of powers. The legislative body creates a law, and the judiciary, based on that law, will decide on banning or not the online gambling site. A ministry belongs to the executive branch of the Estate. It is not up to them to decide whether something is illegal or not. |
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The law was already there, a minister in Spain does not only propose or vote on laws, but has quite some executive influence. This has always been so and is nothing unusual.
You can't really operate this stuff in a vacuum, otherwise it would take years to take any actions against illegal gambling, way too late.