🔥BREAKING-
🇮🇳India has declared prediction markets like Polymarket and Kalshi illegal under the Promotion and Regulation of Online Gaming Act (PROGA). Classifying these platforms as prohibited "online money gaming," the Ministry of Electronics and Information Technology (MeitY) has initiated blocking orders to cut off local access.
$GENIUS $ALT $NEAR
Authorities are taking action against prediction markets, with Polymarket already blocked and Kalshi facing a similar ban.
Market participants will likely face increased regulatory scrutiny, impacting the future of online gaming and prediction markets.
🇮🇳India has declared prediction markets like Polymarket and Kalshi illegal under the Promotion and Regulation of Online Gaming Act (PROGA). Classifying these platforms as prohibited "online money gaming," the Ministry of Electronics and Information Technology (MeitY) has initiated blocking orders to cut off local access.
$GENIUS $ALT $NEAR
Authorities are taking action against prediction markets, with Polymarket already blocked and Kalshi facing a similar ban.
Market participants will likely face increased regulatory scrutiny, impacting the future of online gaming and prediction markets.