Washington Judge Orders Prediction Market Kalshi to Halt Sports Betting

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A state judge in Washington has ordered prediction market platform Kalshi to stop offering sports bets and other wagers within the state. The ruling requires Kalshi to implement geofencing technology to block Washington-based users from accessing its betting markets. The decision marks a significant legal setback for Kalshi, which has been expanding its event-contract offerings following a federal court victory last year. Washington authorities appear to have determined that Kalshi's offerings fall under state gambling regulations. The order underscores the ongoing tension between prediction market platforms and state-level gambling laws across the US.

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