Feed / Enforcement & compliance
By SectorWire desk ·
The report said that a Washington judge found Kalshi likely breached state gambling and consumer protection laws. The court granted preliminary relief during the state attorney general’s lawsuit.
The preliminary injunction constrains Kalshi while the Washington case continues.
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Kalshi must restrict its Washington offering and strengthen geofencing while some financial contracts remain available.
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.