Polymarket and Kalshi are reportedly allowing Indian users to register and trade on their prediction markets despite a government ban. India's Ministry of Electronics and Information Technology has labeled platforms like Polymarket as illegal, instructing internet service providers to block access. However, these platforms remain operational, with India emerging as a rapidly growing source of prediction market users. Notably, trading activity related to the Indian Premier League (IPL) has been significant, with a single match seeing transaction volumes reach $27.7 million.
Polymarket and Kalshi Defy Indian Ban, Continue Operations
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