IT Ministry To Block Kalshi, Ban Order Against Polymarket Soon

by · Inc42

SUMMARY

  • The blocking order will reportedly be issued under Section 69A of the IT Act, which empowers the Centre to restrict access to online content
  • This comes nearly a month after MeitY directed VPN service providers to block access to online betting and prediction market platforms like Polymarket and Kalshi
  • The formal order comes as the two platforms continued to enable Indian users to trade on their prediction markets via mirror sites despite the ban