India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next

Polymarket has gone dark in India and as per local media reports, Kalshi could be next. What to know : Polymarket, a major decentralized prediction market, has been blocked for users in India after a government directive ordering internet providers to cut access to certain betting platforms. The Ministry of Electronics and Information Technology has reportedly already issued a blocking order for Polymarket and is preparing a similar order for U.S.-regulated rival Kalshi. Indian authorities classify prediction markets as prohibited online money gaming.(Coindesk)