Kalshi ordered to stop gambling operations in WA
A Washington state judge has ordered Kalshi to cease its gambling operations, including sports betting, in the state.Summary
A King County Superior Court judge has ordered the online prediction market platform Kalshi to cease its gambling operations in Washington state. The order, issued on Thursday, directs Kalshi to stop offering, accepting, or facilitating wagers on sports, elections, politics, entertainment, culture, technology, science, and mentions in Washington. The court's decision follows a lawsuit filed by the Washington State Attorney General's Office, which argued that Kalshi's betting operations fall within the legal definition of gambling. A preliminary injunction was granted in July, which Kalshi appealed, but the appeal was denied. The Attorney General stated that Kalshi has "gotten rich promoting wagers on sports, elections, natural disasters, events related to the Iran War, and more." In addition to the ban on most wagers, Kalshi is ordered to implement an IP address and residency-based geofence by August 19 to lock Washingtonians out of most of its betting services. The company is also banned from advertising in the state.
(Source：Fox 13 Seattle)