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
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