Kalshi, the only CFTC-regulated prediction market in the US, has added India to its growing list of restricted jurisdictions. The move comes after India’s government made it unambiguously clear that prediction markets are illegal under the country’s new gaming law.
India now sits among 55 restricted jurisdictions where Kalshi users cannot access the platform.
India’s new law leaves zero room for interpretation
The catalyst here is India’s Promotion and Regulation of Online Gaming Act 2025, which took effect on May 1, 2026. The law categorically prohibits online money games, a category that explicitly includes prediction markets.
India’s Ministry of Electronics and Information Technology, known as MeitY, had already been laying the groundwork for enforcement. The ministry sent Kalshi a letter dated April 25, 2026, warning the platform about continued access by Indian users despite earlier government directives.
