Kalshi blocked in Washington state amid regulatory and legal battles

Prediction market platform Kalshi has been cut off from customers in Washington state following a regulatory dispute. The company is challenging the restriction through court proceedings as it pushes back against the block. Meanwhile, the Commodity Futures Trading Commission (CFTC), Kalshi's federal regulator, continues to pursue new rules governing prediction markets. The situation reflects growing tension between state-level regulators and federally overseen prediction market platforms. The outcome of the legal and regulatory battles could have broader implications for how prediction markets operate across the United States.