Kalshi Ordered to Block Washington Bets Days After CFTC Backed It
60-second summary
A King County judge has ordered Kalshi to block Washington state bets by August 19, halting sports, election, and politics wagers. This decision comes just days after the CFTC expressed support for Kalshi, highlighting regulatory complexities in the US. Kalshi must comply with the order, potentially impacting its user base and revenue in the state.
A King County judge gave the exchange until August 19 to stop offering sports, election and politics wagers in the state.