Bloomberg: Kalshi and Polymarket Defy India Ban, Still Allowing Local Users to Register

BlockBeats News, May 18th, according to Bloomberg, Polymarket and Kalshi still allow Indian users to register and trade on their prediction markets even after a warning from the Indian government. The Indian authorities consider these platforms to be operating illegally.

The Indian Ministry of Electronics and Information Technology stated in a letter last month that despite the relevant bans in India, users are accessing "illegal and blocked prediction markets and online entertainment platforms." This announcement was subsequently posted on the department's official website, specifically mentioning "Polymarket and other similar sites," stating that these platforms should have been blocked by Internet Service Providers (ISPs).