Feed / Enforcement & compliance
By SectorWire desk ·
The report said 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.
Kalshi must restrict its Washington offering and strengthen geofencing while some financial contracts remain available.
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The preliminary injunction constrains Kalshi while the Washington case continues.
The preliminary injunction limits Kalshi’s sports event-contract activity in Washington.
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.