Kalshi adds India to growing list of restricted jurisdictions

Kalshi has added India to its list of 55 restricted jurisdictions, following warnings from Indian authorities to VPN providers to cease facilitating access to such platforms. This move reflects the ongoing regulatory scrutiny faced by online prediction markets in India.

The inclusion of India in Kalshi's restricted jurisdictions is significant as it limits the platform's potential user base in a rapidly growing market for cryptocurrency and prediction markets. This decision may impact Kalshi's growth strategy and user engagement in the region.

This development highlights a broader trend of regulatory crackdowns on online prediction markets in India, as evidenced by recent actions against platforms like Polymarket. The increasing scrutiny reflects the government's efforts to regulate digital financial services, raising concerns about market access and the future of prediction markets in the country.