A Washington state court issued a final order requiring prediction market platform Kalshi to immediately stop accepting and brokering new event contracts tied to sports, elections, politics, and entertainment categories.
A Washington state court ordered prediction market platform Kalshi to stop offering most event contracts in the state after finding the company likely violated state gambling and consumer protection laws, though commodities and finance-related markets may continue.
The New York City Council launched an investigation into four prediction market platforms including Kalshi and Polymarket, examining alleged 'false, deceptive, or abusive marketing tactics' targeting younger people. The probe creates a new regulatory front for the booming prediction market industry.
