India has blocked access to the prediction market platform Polymarket, with a similar action against Kalshi expected by May 23, 2026. The Ministry of Electronics and Information Technology (MeitY) issued the blocking order on May 21, 2026, as part of a broader crackdown on platforms classified as "money games" under new online gaming regulations. This move follows an April advisory warning VPN providers against enabling access to such platforms.
Polymarket, operating on the Polygon blockchain and using USDC stablecoin, and Kalshi, a US-regulated platform, both continued to accept Indian users despite government warnings. India's actions suggest a firm stance against prediction markets, viewing them as illegal gambling regardless of regulatory status. The crackdown could influence other jurisdictions, potentially affecting the global landscape for prediction markets and crypto platforms reliant on Indian users.
India Blocks Polymarket, Targets Kalshi in Prediction Market Crackdown
면책 조항: Phemex 뉴스에서 제공하는 콘텐츠는 정보 제공 목적으로만 제공됩니다. 제3자 기사에서 출처를 얻은 정보의 품질, 정확성 또는 완전성을 보장하지 않습니다.이 페이지의 콘텐츠는 재무 또는 투자 조언이 아닙니다.투자 결정을 내리기 전에 반드시 스스로 조사하고 자격을 갖춘 재무 전문가와 상담하시기 바랍니다.
