Feed / Enforcement & compliance
By SectorWire desk ·
The report said that King County Superior Court issued a preliminary injunction against Kalshi sports contracts. The court found that its activities constituted unlawful gambling for Washington consumers.
The preliminary injunction limits Kalshi’s sports event-contract activity in Washington.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Kalshi must restrict its Washington offering and strengthen geofencing while some financial contracts remain available.
The preliminary injunction constrains Kalshi while the Washington case continues.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.