India Moves to Block Polymarket and Kalshi Under IT Act

India's Ministry of Electronics and Information Technology (MeitY) has issued a blocking order against Polymarket and is preparing to block Kalshi. According to NS3.AI, intermediaries that do not comply with these orders could face penalties, including up to seven years in prison and fines. The orders are expected to be issued under Section 69A of the Information Technology Act, mandating Internet Service Providers (ISPs) to block access to these platforms. This action aligns with India's online gaming law, which came into effect on May 1, prohibiting real-money online games, related advertising, and financial transactions.