Kalshi and Polymarket Continue Accepting Indian Users Despite May 1 Regulatory Ban

According to Bloomberg, Kalshi and Polymarket have continued accepting registrations from Indian users despite a regulatory ban that took effect on May 1, when India formally implemented the Promotion and Regulation of Online Games Rules (PROGA). The ban, issued by India’s Ministry of Electronics and Information Technology on April 25, requires internet service providers to block such prediction market platforms within the country.

On May 7, a single IPL cricket match between Lucknow Super Giants and Bangalore Royal Challengers generated $27.7 million in combined trading volume across both platforms. The platforms said they are assessing and updating geographic restrictions, while Kalshi indicated it has not received explicit closure orders from Indian authorities.