Kalshi has asked a Washington State Superior Court to reconsider a preliminary injunction covering its sports event contracts. The request cites new legal developments, but the available report gives no further details.
Reconsideration could affect whether Kalshi can offer sports event contracts in Washington.
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Washington Attorney General Nick Brown is asking a King County judge to shut down 16 social casino-style apps and recover more than $225m in player spending. The complaint targets Playtika, Aristocrat and affiliated companies, alleging more than 150,000 Washington players used the platforms each month. Playtika has moved to dismiss, citing a 2014 state gambling commission brochure.
It was reported that a Washington court ordered Kalshi to withdraw most event contracts and restrict related advertising. The state appeals court denied a stay, while the order permits certain financial and commodity contracts to continue.
A Connecticut judge denied Kalshi's motion for a preliminary injunction. Judge Vernon D. Oliver ruled that sports-event contracts are not swaps under the Commodity Exchange Act and compared parlays with casino gaming.
Reportedly, Michigan Attorney General Dana Nessel has obtained a preliminary injunction against Kalshi. The order prevents Kalshi from providing sports betting contracts to people in Michigan.
The Commodity Futures Trading Commission filed in a New Mexico court, arguing that federal commodities law gives it exclusive jurisdiction over Kalshi’s event contracts. The CFTC asked the court to find state gambling laws unenforceable as applied to transactions on CFTC-regulated markets; New Mexico officials allege that Kalshi offers illegal sports betting and should hold state gaming licences.