US-based prediction market platforms Polymarket and Kalshi are emerging as popular betting options for fans of the Indian Premier League (IPL), enabling users to wager on match winners and player performances. This IPL season is significant as it is the first since India implemented a ban on real-money gaming (RMG), which previously benefited local firms like Dream11. Polymarket, valued at $9 billion, allows users to bet on various real-world events, including sports, while raising concerns about legality in India. Despite the ban, offshore RMG platforms such as Parimatch and 1XBet continue to target Indian users, leveraging digital marketing strategies. Notably, in a market on Polymarket, the Mumbai Indians are currently seen as the frontrunners for the 2026 IPL title with a 26% implied probability. However, experts caution that engaging with these platforms poses legal risks, as they operate offshore and use cryptocurrencies for transactions, which complicates compliance with Indian laws. The central government has introduced the Promotion and Regulation of Online Gaming Act (PROGA) to regulate online gaming, but offshore platforms like Polymarket remain outside Indian jurisdiction, leading to a complex legal landscape for potential users.