markets

Kalshi Blocks Indian Users Amid Growing Global Crackdown

Prediction market Kalshi has banned India, expanding its restricted list to 55 jurisdictions following pressure from Indian regulators.

If you're trading on Kalshi from India, that window just slammed shut. The US-based prediction market platform has added India to its restricted jurisdictions list, which now covers 55 countries. This isn't a quiet policy tweak — it's a direct response to mounting regulatory heat.

Indian authorities didn't just come after Kalshi. They went after the VPN providers helping users sneak around geo-blocks to access platforms like this one. That pressure apparently worked. When regulators start targeting the workarounds, the writing is on the wall for the platforms themselves.

Read more BoE's Mann: Fewer Rate Hike Bets Are Why She'd Hike More →

Kalshi has been on a rapid expansion tear in the US, scoring legal wins that let it offer event contracts on everything from elections to economic data. But internationally, the story is messier. A 55-country restricted list signals that global compliance headaches are real, and the platform isn't willing to fight every regulatory battle at once.

For traders, the lesson here is straightforward: prediction markets are still in a legal gray zone across much of the world. Jurisdictions are watching, and platforms are cutting users loose rather than risking regulatory blowback. If you're outside the US, always check whether your access is actually permitted — not just technically possible with a VPN.

Continue reading at Cointelegraph.

Continue reading at Cointelegraph →

Frequently Asked Questions

Q.Why did Kalshi block users in India?

Kalshi added India to its restricted jurisdictions list following warnings from Indian authorities directed at VPN providers that were facilitating access to platforms like Kalshi.

Q.How many countries has Kalshi restricted?

Kalshi's restricted jurisdictions list now includes 55 countries, with India being among the most recently added.

Q.Can Indian users access Kalshi using a VPN?

Indian regulators specifically warned VPN providers to stop enabling access to platforms like Kalshi, making VPN workarounds increasingly risky and unreliable for Indian users.

More in markets →