#Prediction markets

A King County Superior Court judge ordered the $22 billion prediction-market platform Kalshi to stop taking sports, election and entertainment wagers from Washington residents by September 2, siding with the state attorney general and tribal gaming groups over Kalshi's federal-jurisdiction defense.

A Seattle judge finalized an injunction forcing the CFTC-licensed prediction market to geofence Washington users out of sports, election and 'mentions' contracts, part of a five-state legal fight over whether states can regulate event contracts at all.