Washington judge blocks Kalshi’s sports prediction markets over state gambling laws
The Block·
60-second summary
A Washington state judge has blocked Kalshi's sports prediction markets, ruling they operate illegal gambling activities. The court granted the state's motion for a preliminary injunction. Kalshi's platform allows users to bet on sports outcomes, but the judge deemed it a form of gambling, subject to state laws.
A Washington state court granted the state's motion for a preliminary injunction, saying Kalshi operates illegal gambling activities.