According to reports, India’s Ministry of Electronics and Information Technology (MeitY) has been assessing regulatory measures against these platforms under the country’s newer online gaming rules. Officials are particularly concerned that users are accessing prediction markets to speculate on:
Elections
Indian Premier League matches
geopolitical events
financial outcomes
even though real-money prediction betting is restricted under Indian law.
Bigger global trend
India is not alone. Several countries have recently increased scrutiny or restrictions on prediction-market platforms:
1. Australia blocked Polymarket access in 2025
2. New Zealand ruled some prediction markets illegal in 2026
3. Brazil and Argentina also moved against certain offshore prediction platforms
#IndiaWarnsPredictionMarketPlatforms