Online prediction market operator Kalshi has added India to its list of restricted jurisdictions following the country’s block on the platform, according to Bloomberg.
Kalshi has updated its member agreement to include that users located in India would be banned from trading event contracts on its platform. Since May, Kalshi’s platform has been inaccessible to Indian users on various internet providers.
According to The Post, the government had been preparing to issue a formal order banning both Kalshi and rival Polymarket last month, after both operators continued to allow Indian users to sign up and trade despite internet providers being told to cut off access.
