Washington judge orders Kalshi to restrict prediction markets across state operations
A Washington judge has imposed new limits on Kalshi, giving the prediction market operator firm deadlines to stop people in… Continue reading Washington judge orders Kalshi to restrict prediction markets across state operations The post Washington judge orders Kalshi to restrict prediction markets across state operations appeared first on ReadWrite .
A Washington judge has issued a new order directing prediction market operator Kalshi to restrict its operations within the state. King County Superior Court Judge John McHale signed the amended preliminary injunction on August 12, following a previous ruling that Kalshi was likely in violation of Washington's gambling and consumer protection laws.
The judge has given Kalshi a deadline to stop Washington residents from purchasing contracts related to sports, elections, politics, entertainment, culture, technology, science, and any mentions of specific words or phrases. Kalshi must also implement an IP-address and residency geofencing system by August 19, which can result in penalties if missed.
The court emphasized that Kalshi's advertisements claiming to offer legal betting in Washington state are misleading to consumers. Kalshi's customers can still close their accounts and withdraw funds.
Written by urgent.news from ReadWrite's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
