Polymarket, Kalshi continue India services despite government warning

Decentralized prediction markets Polymarket and Kalshi are continuing to allow users in India to sign up and trade despite a government warning that the platforms are illegal, Bloomberg reported. India's Ministry of Electronics and Information Technology recently notified VPN providers that Polymarket and similar prediction market platforms are subject to blocking. Authorities noted that some users are circumventing access restrictions with VPNs and warned that providers enabling such access could face legal liability. The country's stricter online gambling regulations took effect on May 1.