Bloomberg · J.J. McCorvey ·

A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws

Kalshi was told by a judge to stop offering most of its prediction market contracts in Washington state, after regulators …

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A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws

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Bloomberg — A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws ↗

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Aug 13Aug 15

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Related stories

NPR: The CFTC has launched a probe into prediction markets' "mention markets", prompting Kalshi to remove bets on word choices from sports-related offerings

Wall Street Journal: Flight tracking platform FlightAware sues Kalshi in New York, alleging Kalshi is using its data without permission to let users bet on flight cancellations

Reuters: FlightAware withdraws its Kalshi lawsuit, after alleging Kalshi used its data to let users bet on flight cancellations; Kalshi no longer names it as a source

Wall Street Journal: The NYC Council sent letters to Polymarket, Kalshi, Coinbase, and Gemini Titan to investigate alleged deceptive marketing practices and targeting minors

New York Times: Kalshi referred 32 possible insider traders to the CFTC in the three months through June; sources: CFTC has up to 20 ongoing probes using just Kalshi's evidence

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