Kalshi Ordered to Cease Most Operations in Washington State
A Washington state judge has issued a preliminary injunction against Kalshi, prohibiting the prediction market from allowing residents to place bets on most of its offerings. This ruling follows a trend of regulatory challenges against prediction markets, which have seen rapid growth but are now facing scrutiny over their legality.
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Kalshi ordered to stay open despite Washington ban
The CFTC has ordered Kalshi to continue operating under federal rules as a Washington judge restricted seven contract categories and set two geofencing deadlines for the prediction market. The Commodity Futures Trading Commission said on Aug. 11 that it had…
Kalshi Ordered to Cease Most Operations in Washington State
In a preliminary injunction, a state judge barred the prediction market from allowing residents to place bets on the bulk of its offerings. Washington is the latest state to successfully challenge prediction markets like Kalshi and Polymarket, which have grown rapidly.
Kalshi Ordered to Block Washington Bets Days After CFTC Backed It
A King County judge gave the exchange until August 19 to stop offering sports, election and politics wagers in the state.
Kalshi, Polymarket sued by Baltimore over sports event contracts
Baltimore has sued Kalshi and Polymarket over alleged unlicensed sports betting, with its case against Kalshi also naming Coinbase, Robinhood and Webull over their role in distributing sports event contracts. According to complaints filed Thursday by Mayor Brandon Scott and…
Washington court orders Kalshi to halt most prediction market offerings in state
The Washington court, however, allows Kalshi to continue offering commodities, climate, economics and finance-related markets in the state.
Judge Orders Kalshi to Stop Offering Most Wagers in Washington
Kalshi was told by a judge to stop offering most of its prediction market contracts in Washington state, after regulators said they likely constituted an illegal gambling operation.
Morning Minute: The CFTC Bails Out Kalshi in NY
The CFTC keeps going to bat for Kalshi while the ultimate prediction market court battle looms, with the fate of the sector in the balance.
The prediction market turf war: who actually regulates Kalshi and Polymarket
The CFTC used emergency authority to override New York. Nine states have been sued. FlightAware added a data rights claim. The legal architecture of prediction markets is being built in courtrooms, not in Congress. The Commodity Futures Trading Commission does…