Other-News
By James Thorp
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The Match, the Bet, the Loss. Osasuna lost their final match 0-1 to Getafe. But their goal difference held up just enough.
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Spain Bans Kalshi and Polymarket Days Later. The timing of what happened next was striking. Shortly after Osasuna's match, Spain's Consumer…
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Kalshi's Broader Controversy Track Record. Kalshi's name keeps coming up in awkward places. Three U.S.
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Spanish football club Osasuna placed a €1.2 million ($1.4 million) insurance policy through broker Howden, structured to pay out €6 million ($6.
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The policy was tied directly to a bet on prediction market Kalshi. Basically, if Osasuna went down, the payout would have softened the brutal financial blow that comes with…
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Osasuna lost their final match 0-1 to Getafe. But their goal difference held up just enough. They finished 17th — inside the survival zone, barely — and kept their La Liga status.
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There's more to the transaction than Osasuna publicly acknowledged. The club's own statement named only Howden as the broker and didn't mention Kalshi directly, nor did it…
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What the club did commit to was including the insurance policy in an upcoming report to its Control Commission. So there's an internal review coming.
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The timing of what happened next was striking. Shortly after Osasuna's match, Spain's Consumer Rights Ministry moved to temporarily ban prediction markets operating in the…
10 / 15
It wasn't an isolated move. Brazil banned prediction markets in April. South Korean authorities are actively investigating Polymarket on illegal gambling grounds. And in the U.S.
11 / 15
More context: Kalshi Sets Record with Bitcoin Perpetual Contract Launch
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The Spanish ban is temporary, but it signals something bigger. Prediction markets have grown fast. Sports organizations, financial players, and retail users have all piled in.
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Kalshi's name keeps coming up in awkward places. Three U.S. congressional candidates were penalized by the platform for betting on their own elections — a pretty clear conflict…
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So Osasuna isn't the only messy situation attached to the platform. Kalshi has built a real business, but it's also collected a notable list of controversies along the way.
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For Osasuna, the bigger picture probably matters less than the immediate numbers. The club spent €1.2 million, survived relegation, and walked away with nothing from the bet.
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