A Washington state court has granted a preliminary injunction request that would bar Kalshi from offering sports-related ‘event contracts’ in the state, escalating a nationwide legal fight over whether prediction markets fall under federal commodities oversight or state gambling laws.
According to court filings reported on July 21, Judge John McHale of the King County Superior Court in Washington ruled in favor of the state’s bid for a preliminary injunction against Kalshi, a U.S. prediction market platform regulated at the federal level by the Commodity Futures Trading Commission (CFTC)…. Read more





