<![CDATA[Washington State Sues Kalshi, Alleging Prediction Markets Violate Gambling Laws]]>5be22fe4-f5f5-4e25-850c-aac83ce32766-image.png
Kalshi is facing a new lawsuit from Washington state, where the Attorney General alleges the platform is operating illegal gambling under the guise of “prediction markets.” Officials argue that Kalshi’s system—where users wager on future events for payouts—fits the legal definition of gambling, as it involves risking money on uncertain outcomes.

The complaint claims Kalshi violated multiple state laws, including consumer protection and gambling regulations, emphasizing that simply labeling the service differently does not change its function. Kalshi has responded by attempting to move the case to federal court, arguing that similar issues are already being addressed at that level.

]]>https://undeads.com/forum/topic/17625/washington-state-sues-kalshi-alleging-prediction-markets-violate-gambling-lawsRSS for NodeSun, 05 Apr 2026 04:19:29 GMTSun, 29 Mar 2026 03:36:20 GMT60<![CDATA[Reply to Washington State Sues Kalshi, Alleging Prediction Markets Violate Gambling Laws on Sun, 29 Mar 2026 10:29:20 GMT]]>“it’s not gambling, it’s just betting on uncertain outcomes for money” ok sure

]]>https://undeads.com/forum/post/46998https://undeads.com/forum/post/46998Sun, 29 Mar 2026 10:29:20 GMT