State judge orders Kalshi to stop offering sports bets and other wagers
Kalshi ordered to stop offering bets in Washington, must implement geofencing.
Kalshi ordered to stop offering bets in Washington, must implement geofencing.
The short version
- A state court in Washington this week ordered Kalshi to stop offering sports gambling and a variety of other wagers on its prediction market.
- King County Superior Court Judge John McHale issued a preliminary injunction in response to a lawsuit filed against Kalshi by the state of Washington.
- Kalshi is not licensed by the state Gambling Commission and is not registered to conduct business in Washington, the court order said.
What happened
“Kalshi will not prohibit users from exiting positions they already hold. The State reserves, and does not waive, the right to seek recovery for fees and losses incurred by Washington consumers on or after September 2, 2026,” the order said.
Why it matters
To get a preliminary injunction, a plaintiff must show they are likely to succeed on the merits of their claims.
Summary by Nerd News Network. Read the full article at Ars Technica via the links above and below.