Kalshi Plans Launch in 140 New Markets — Including Heavily Regulated China and India

U.S.-based prediction market platform Kalshi has announced plans to expand into more than 140 new countries after previously operating exclusively in the United States. In a statement to Sportico, the company confirmed that its global expansion strategy includes China and India, though the full list of target markets has not yet been released.

Together, India and China account for nearly 35% of the world’s population (about 18% and 17%, respectively), making them highly attractive targets for any American tech company. However, both nations maintain some of the strictest regulations on gambling and foreign digital platforms.

In China, private gambling is entirely prohibited, and foreign investment in the online sector is tightly controlled. The government maintains extensive oversight of internet activity, making Kalshi’s legal operation in the Chinese market highly unlikely.

The situation in India is similarly complex. In August, the country’s parliament passed a law regulating online real-money gaming, effectively banning most forms of internet betting.

Following the law’s adoption, many international firms began scaling back their presence in India. Among them, Flutter Entertainment ceased operations in the country, while even before the new rules took effect, Kalshi’s major competitor Polymarket had already blocked access for users with Indian IP addresses.

Kalshi’s expansion into China and India is seen as one of its most high-risk ventures to date.

Given new legislative barriers and regulatory restrictions, the platform’s rollout in these regions may be only partially implemented — Indian users have already reported that registration on Kalshi remains unavailable.

Still, as Sportico notes, successfully establishing a foothold in China and India could significantly strengthen Kalshi’s future financial position. The company recently announced a new funding round that lifted its valuation to roughly $5 billion.

Earlier Gambling Park reported that Kalshi has overtaken Polymarket, now holding about 62% of the global prediction market share.