In the Palindrome Problem one tries to find all palindromes (palindromic substrings) in a given string. A palindrome is defined as a string which reads forwards the same as backwards, e.g., the string "racecar". A related problem is the Longest Palindromic Substring Problem in which finding an arbitrary one of the longest palindromes in the given string suffices. We regard the streaming version of both problems. In the streaming model the input arrives over time and at every point in time we are only allowed to use sublinear space. The main algorithms in this paper are the following: The first one is a one-pass randomized algorithm that solves the Palindrome Problem. It has an additive error and uses $O(\sqrt n$) space. The second algorithm is a two-pass algorithm which determines the exact locations of all longest palindromes. It uses the first algorithm as the first pass. The third algorithm is again a one-pass randomized algorithm, which solves the Longest Palindromic Substring Problem. It has a multiplicative error using only $O(\log(n))$ space. We also give two variants of the first algorithm which solve other related practical problems.