Prediction market platform Kalshi has restricted access for users in India as of June 17. The decision follows the implementation of updated national regulations governing online gaming and real-money betting.
Regulatory Changes and Market Oversight
The Indian regulatory framework, effective May 1, 2026, prohibits platforms that accept monetary wagers on uncertain outcomes. Authorities classify these services as gambling operations, regardless of corporate positioning as financial instruments. Kalshi contested this classification, but regulators maintained their stance and intensified market oversight. Enforcement measures include platform blocks and restrictions on virtual private network access.Trading Impact and Global Restrictions
India represented a significant trading region for the company. Historical data shows a single cricket match generated over $27M in trading volume. The Indian restriction aligns with broader regulatory trends. Fifty-five countries now limit access to the platform, with more than ten jurisdictions introducing new bans or restrictions on similar services in 2026 alone.Source: GGM: iGaming News.