State judge orders Kalshi to stop offering sports bets and other wagers
Summary
A Washington state judge ordered Kalshi, an online betting platform, to stop offering sports bets and other types of wagers to people in Washington. The court found that Kalshi was operating without a state license and misleading consumers about the legality of its betting services. Kalshi claims it is regulated by a federal agency and is planning legal responses.Key Facts
- A Washington state court issued a preliminary injunction against Kalshi this week.
- The order stops Kalshi from accepting wagers on sports, elections, politics, culture, and other topics in Washington.
- Kalshi is not licensed by Washington’s Gambling Commission and is not registered to do business in the state.
- The judge found Kalshi’s marketing could mislead consumers into thinking its betting is legal under state law.
- Kalshi must implement technology (called geofencing) to block Washington residents from betting by early September or face fines up to $120,000 per day.
- Kalshi says it is regulated by the federal Commodity Futures Trading Commission (CFTC), which controls prediction markets.
- The Trump administration and CFTC have supported Kalshi’s position against state gambling laws.
- Kalshi denies offering bets on wildfires, war, death, or terrorism and plans to consider all legal options to fight the court order.
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