Kalshi adds India to restricted jurisdictions after market ban

An updated members’ agreement published on Wednesday shows India has been added to Kalshi’s blocked list, expanding the platform’s restricted jurisdictions to 55.

Summary

Kalshi has added India to its list of restricted jurisdictions, blocking residents from accessing the U.S.-based prediction market platform under an updated members’ agreement published on Wednesday. The revised document now lists 55 restricted jurisdictions and adds a concrete compliance step to the company’s response to regulatory pressure in India. The move highlights the broader challenge prediction markets face as authorities in different countries scrutinize whether these contracts should be treated under gambling, derivatives, or other financial rules, potentially limiting user access and complicating international expansion.

Terms & Concepts
  • prediction market: A platform where users trade contracts tied to the outcome of future events.
  • restricted jurisdictions: Countries or regions where a platform bars or limits user access for legal or compliance reasons.
  • derivatives: Financial contracts whose value is based on an underlying asset, event, or benchmark.