Kalshi has been ordered by a Washington state judge to stop most of its betting operations in the state after the court found its activities likely violated Washington gambling laws.
The order covers markets involving sports, elections, politics, entertainment, culture, technology and science.
📌 Kalshi must implement geofencing measures to restrict Washington users.
This could become another major regulatory challenge for prediction markets. 👀
Do you think prediction markets should be treated as financial markets or gambling?