Kalshi Restricts India Users Following Prediction Market Ban

Kalshi Restricts India Users Following Prediction Market Ban – US-based prediction market Kalshi has restricted users in India from trading event contracts, aligning with the Indian government’s recent ban on online prediction markets. This change in Kalshi’s member agreement follows the Ministry of Electronics and Information Technology’s actions against such platforms.

What Happened

Kalshi, a US-based prediction market platform, has officially added India to its list of restricted jurisdictions, prohibiting users located in India from trading event contracts (The Times of India). This development occurred weeks after the Indian government initiated measures to block access to online prediction market websites and issued warnings to users about participation in such platforms (The Times of India).

The revised Kalshi member agreement, dated June 17, explicitly states that individuals domiciled in, organized in, or located in India are barred from trading event contracts on the platform (The Times of India). India has now been classified as a “Restricted Jurisdiction” within the company’s trading rules (The Times of India).

This action by Kalshi follows intensified efforts by the Ministry of Electronics and Information Technology (MeitY) against prediction market operators (The Times of India). Reportedly, Kalshi’s website became inaccessible via several internet service providers in India beginning in the last week of May, coinciding with reports of impending government blocks (The Times of India).

Key Details

• Kalshi’s updated member agreement, dated June 17, restricts users in India from trading event contracts (The Times of India).
• India is now designated as a “Restricted Jurisdiction” in Kalshi’s trading rules (The Times of India).
• The Ministry of Electronics and Information Technology (MeitY) has increased its focus on prediction market operators (The Times of India).
• Kalshi’s website was reportedly inaccessible through multiple internet service providers in India since late May (The Times of India).
• The restriction specifically targets event contract trading but does not automatically prohibit membership or non-trading platform access, subject to applicable laws (The Times of India).
• The government’s actions align with India’s new online gaming regime, which includes the Promotion and Regulation of Online Gaming Bill, 2025, banning online games with monetary stakes (The Times of India).
• In April, MeitY warned VPN providers about enabling access to blocked prediction market platforms, citing potential legal consequences (The Times of India).

Why It Matters

The restriction by Kalshi signals the impact of India’s regulatory stance on online betting and prediction markets within regulated markets. The government’s actions, including the passage of the Promotion and Regulation of Online Gaming Bill, 2025, reflect a broader legislative effort to regulate online activities, particularly those involving monetary stakes (The Times of India). This law prohibits online money gaming services, associated advertisements, and financial transactions linked to such platforms due to concerns regarding addiction and financial harm (The Times of India).

The government’s enforcement extends to addressing methods used to circumvent restrictions, as demonstrated by MeitY’s warnings to Virtual Private Network (VPN) providers regarding their role in enabling access to blocked platforms (The Times of India). This emphasizes a comprehensive approach to regulatory compliance in the digital gambling and prediction sector (The Times of India).

What’s Next

The specific restriction applies to event contract trading; however, the updated agreement states that it does not automatically prohibit users from maintaining membership or non-trading access to the platform, provided it complies with applicable laws and company policies (The Times of India).

Originally reported by: The Times of India. Published: 6/23/2026, 8:28:26 AM.