Kalshi Restricts Indian Users Following Regulatory Ban on Prediction Markets

Kalshi Inc. has formally added India to its list of restricted regions, effectively blocking users in the country from accessing its event-contract prediction markets. This action follows the Indian Ministry of Electronics and Information Technology's classification of such platforms as illegal under current domestic regulations.

The decision to block Indian participants aligns with Kalshi’s updated member agreement, which was revised to comply with directives issued by Indian authorities since May. The platform previously faced scrutiny for offering contracts that allowed users to bet on the outcomes of real-world events, a practice that the Indian government has largely restricted to protect market integrity and prevent unauthorized gambling activity.

The move ends service availability for Indian traders on the platform. Moving forward, the focus remains on whether other similar global prediction platforms will adopt comparable compliance measures to avoid potential legal conflicts with Indian regulatory bodies regarding the operation of virtual prediction exchanges.