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India blocks Polymarket access and prepares reported action against Kalshi

Regulation

India's Ministry of Electronics and Information Technology ordered internet providers to block access to Polymarket, according to the report. Officials are reportedly finalising a similar order against Kalshi. The report links the action to the Promotion and Regulation of Online Gaming Act 2025, which it says prohibits real-money betting on uncertain future events.

The reported blocks could restrict prediction-market operators' access to users in India.

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Regulation

Kalshi records $25.3bn in parlay trading during midterm period

Kalshi recorded more than $1.1 billion in election trading during the 10 days around the US midterms, while parlays generated $25.3 billion over the same period, according to analysis of prediction-market data. Election trading accounted for 3% of platform volume; volume measures contracts exchanged, not revenue retained by the platform.

Kalshi processed more than $1.1 billion on elections during the 10 days surrounding the midterms, only 3% of the platform's volume. Over the same period, Kalshi processed $25.3 billion in parlays and also $6.1 billion in non-parlay sports contracts.

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