India has blocked access to prediction market platforms Polymarket and Kalshi, classifying them as illegal online betting services under its new online gaming laws. This action impacts Polymarket, a decentralized blockchain-based platform, highlighting increasing regulatory scrutiny on crypto-adjacent services in major jurisdictions. The move signals a tightening stance on unregulated online activities, potentially setting a precedent for other countries and limiting market access for similar crypto projects. Investors should monitor how this affects user adoption and regulatory clarity for decentralized prediction markets globally.
This event highlights the growing tension between decentralized Web3 platforms and national regulatory bodies. Governments are asserting control over online activities, even those on blockchain, impacting global user access and market growth. This suggests a future where regulatory compliance, not just decentralization, dictates market viability.
The post India Blocks Polymarket and Kalshi Under New Betting Rules appeared first on Coinpedia Fintech News India has ordered the blocking of prediction market platforms Polymarket and Kalshi, classifying them as illegal online betting services under the country’s new online gaming law. Authorities