Overview
- Kalshi updated its members’ agreement on Tuesday, June 23, 2026, to add India to its list of 55 restricted jurisdictions and immediately block access for residents.
- India’s Promotion and Regulation of Online Gaming Act 2025, which took effect on May 1, 2026, defines online money gaming to include prediction markets and gives authorities power to order ISP and VPN blocks.
- India’s Ministry of Electronics and Information Technology sent warnings on April 25 and ordered blocks of rival Polymarket around May 21 as it enforces the new law against event‑based betting platforms.
- Regulators in Spain, Indonesia and several other countries and some U.S. states have moved to restrict or sue prediction market operators over gambling, KYC/AML and insider‑trading concerns.
- Platforms say they are adding compliance tools such as trade surveillance, risk scoring and disclosure rules but warn that geographic blocks reduce liquidity, harm price accuracy and may force more legal fights.