India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next
India has taken action against prediction markets, leading to Polymarket being blocked for users in the country. The Ministry of Electronics and Information Technology is also preparing to block Kalshi, another prediction market platform. This crackdown is part of India's broader regulatory stance against online money gaming and cryptocurrency activities.
- ▪Polymarket has been blocked in India following a government directive.
- ▪Kalshi may also face a similar blocking order from Indian authorities.
- ▪The Indian government classifies prediction markets as prohibited online money gaming.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailIndia cracks down on prediction markets: Polymarket goes dark, Kalshi could be nextPolymarket has gone dark in India and as per local media reports, Kalshi could be next. By Omkar GodboleUpdated May 22, 2026, 5:26 a.m. Published May 22, 2026, 5:14 a.m. 2 min readMake preferred on India cracks down on prediction markets. (Naveed Ahmed / Unsplash)What to know: Polymarket, a major decentralized prediction market, has been blocked for users in India after a government directive ordering internet providers to cut access to certain betting platforms.The Ministry of Electronics and Information Technology has reportedly already issued a blocking order for Polymarket and is preparing a similar order for U.S.-regulated…
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