State judge orders Kalshi to stop offering sports bets and other wagers
Kalshi ordered to stop offering bets in Washington, must implement geofencing.
In a recent ruling, a Washington state judge has ordered the online prediction market platform, Kalshi, to cease offering sports betting and a range of other wagers on its platform. King County Superior Court Judge John McHale issued a preliminary injunction following a lawsuit brought against Kalshi by the state of Washington. According to a press release from Washington Attorney General Nick Brown, the injunction mandates Kalshi to stop accepting, offering, or facilitating wagers on topics such as sports, elections, politics, entertainment, culture, technology, and science, stating that the order covers a significant portion of Kalshi's business, which has increasingly been driven by sports wagers in recent years.
The platform is not licensed by the state Gambling Commission nor registered to conduct business in Washington, according to the court's findings. McHale determined that Kalshi's advertisements claiming to offer legal betting in Washington state are likely to deceive reasonable consumers into believing such gambling activities are legal under state law.
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