Key facts
- Kalshi has added India to its list of restricted jurisdictions.
- India is now one of 55 restricted jurisdictions on Kalshi.
- Indian authorities issued warnings to VPN providers.
- There is growing regulatory pressure on prediction markets globally.
Prediction market Kalshi has expanded its list of restricted jurisdictions to include India, bringing the total to 55. This decision comes in the wake of warnings issued by Indian authorities to VPN providers. The inclusion of India on Kalshi's restricted list is part of a broader trend of growing regulatory pressure on prediction markets worldwide. These markets, which allow users to bet on the outcomes of future events, have faced increasing scrutiny from regulators concerned about their potential to facilitate illegal gambling or influence elections. The specific reasons for India's inclusion are not detailed, but it aligns with actions taken by Indian authorities against VPN services, suggesting a broader concern about access to and regulation of online platforms.