Kalshi ordered to stop most operations in Washington
Headline from The Columbian
Kalshi, the online prediction market, must stop most operations in Washington by the middle of next week, a King County judge ordered Thursday, finding that the company is running a gambling operation that is illegal under state laws.
The Columbian's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
A judge on Wednesday found Kalshi is likely violating Washington state gambling laws and ordered the company to drastically scale back operations in the state, including the wagers it now offers on sports and elections. By Sept.
A Seattle judge ordered Kalshi to geofence Washington users out of its sports, elections and entertainment markets by Sept. 2, and threatened the prediction market platform with $120,000-a-day penalties for missing the deadline.
A judge in Seattle has barred Kalshi from most operations in Washington state, the latest legal blow to prediction markets as states enforce existing gambling laws.
Kalshi, the online prediction market, must stop most operations in Washington by the middle of next week, a King County judge ordered Thursday, finding that the company is running a gambling operation that is illegal under state laws.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
