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Kalshi and Polymarket pull back from China, India, Brazil and Nigeria as US financial classification draws foreign pushback, SCCG reports
- Kalshi and Polymarket pull back from China, India, Brazil and Nigeria as US financial classification draws foreign pushback, SCCG reports — SCCG reported that Kalshi and Polymarket have retreated from China, India, Brazil and Nigeria after sanctions threats, because their CFTC financial-asset classification in the United States provides no cover against foreign laws that treat the same products as gambling. The report said the pullback included a 200,000 dollar Ontario settlement, while licensed rivals Matchbook and WagerWire are securing approvals in the United Kingdom, Mexico and Gibraltar. (SCCG)
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