Seattle judge deals blow to Kalshi, rejects prediction market’s federal defense

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A King County Superior Court judge granted Washington state a preliminary injunction against Kalshi, ruling the prediction market platform is likely running illegal online gambling.

The judge rejected Kalshi's argument that federal oversight by the Commodity Futures Trading Commission preempts state gambling laws. https://www.geekwire.com/2026/seattle-judge-deals-blow-to-kalshi-rejects-prediction-markets-federal-defense/">Read More