Kalshi and Polymarket defy India's online betting ban
Understand the regulatory risks and enforcement challenges facing global prediction markets in emerging economies.
30-Second TL;DR
What Changed
Kalshi and Polymarket are ignoring Indian government warnings regarding illegal betting.
Why It Matters
This highlights the difficulty of enforcing regional digital regulations on decentralized or global prediction markets. It may lead to stricter ISP-level blocking or financial transaction restrictions in the region.
What To Do Next
If building a global platform, implement robust geo-fencing and KYC/AML checks to ensure compliance with regional regulatory warnings.
Key Points
- •Kalshi and Polymarket are ignoring Indian government warnings regarding illegal betting.
- •The Indian technology ministry has officially labeled these prediction platforms as illegal.
- •Users in India maintain active access to trade on these prediction markets.
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Original source: Bloomberg Technology ↗
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