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India Bans Prediction Markets, Tightens Crypto Regulations
Published 2 days, 19 hours ago
Description
Indias government is intensifying its crackdown on prediction markets, with Polymarket and Kalshi facing potential blocks. This move aligns with a broader regulatory push to control these platforms, classified as prohibited online money gaming. The governments risk-averse approach to digital finance, including crypto, has led to heavy taxes and strict anti-money laundering rules, prompting many startups to relocate.
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