Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?

Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?

Prediction markets on platforms like Polymarket and Kalshi are witnessing a boom, with wagers being made on outcomes of war, elections, sports and more. Their appeal is undeniable—even as questions swirl over regulation and insider information.

Posts by Bubblemaps, a blockchain analytics tool, on X indicate that six accounts collectively pocketed $1.2 million in profit from Polymarket bets. These bets were funded in the hours immediately be… [+5128 chars]
Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too? - FHMnews