Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps

Crypto Insight Summary: ESMA said that event contracts may fall under existing EU binary-options bans, crypto-asset frameworks like MiCA or national gambling laws. Crypto Insight Analysis: Direction: Bearish POLYX / Bearish KALS Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory scrutiny on Polymarket and Kalshi may deter investors, but broader market impact is limited.