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Polymarket and Kalshi Still Allow User Registration and Trading Under Indian Government Blockade
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May 18th News, according to Bloomberg, despite previous warnings from India's Ministry of Technology, prediction market platforms Polymarket and Kalshi are still providing services to Indian users. India's Ministry of Electronics and Information Technology sent a letter to VPN service providers on April 25th, stating that users are accessing "illegal and banned prediction markets and online gambling platforms," and warned VPN service providers of legal consequences if they allow such access. New laws aimed at curbing online gambling nationwide took effect on May 1st. Kalshi stated that it has communicated with the Indian government and has not been informed of any need to stop services, and the platform is still accepting new users and performing identity verification. Polymarket has not yet listed India among its restricted countries.