Kalshi has officially banned users in India from trading event contracts in its recently changed member agreement dated June 17.
With the amendments, individuals residing, incorporated or located in India will not be allowed to avail of the platform’s prediction markets.
This is a huge step backward for Kalshi, which professed to be an international expansion plan in October 2025. Kalshi planned to offer its business in 140 countries, including India. With the latest update, India is among the 55 jurisdictions Kalshi is blocking.
The amendment changes formally identifies India as a restricted domain, barring users from the country from participating in event contract trading. The agreement gives Kalshi the right to change its list of restricted markets upon legal, regulatory, or business developments.
The timing is notable. Kalshi was still onboarding Indian customers as recently as mid-May. At the time, the company’s legal counsel, Valeria Vouterakou, stated that Kalshi had contacted Indian authorities and had not received any formal order to cease operations. She also said the company would comply with any government instructions if such requests were made.
Within weeks, however, the platform changed course and exited the market
On April 25, India’s Ministry of Electronics and Information Technology (MeitY) issued an advisory warning VPN providers and other intermediaries against enabling access to blocked prediction market and betting platforms, specifically mentioning Polymarket and similar services. Polymarket was blocked around May 21, and Kalshi followed suit with its exit not long after..
Kalshi’s exit from India only epitomizes the mounting regulatory pressure prediction market operators face globally.
