Posted Jul 21, 2026 at 10:28 AM UTCTExternal LinkWashington state blocks Kalshi.A state court has granted a preliminary injunction against Kalshi, ruling its sports-related “event contracts” likely violate state online gambling bans. The judge rejected Kalshi’s defense that federal CFTC regulation shields it from state enforcement. Kalshi will likely have to geoblock Washington residents, marking yet another legal setback for prediction markets.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Thomas Ricker
Washington state blocks Kalshi.
A state court has granted a preliminary injunction against Kalshi, ruling its sports-related “event contracts” likely violate state online gambling bans. The judge rejected Kalshi’s defense that federal CFTC regulation shields it from state enforcement. Kalshi will likely have to geoblock Washington residents, marking yet another legal setback for prediction markets. [Link: Washington judge blocks Kalshi's sports prediction markets over state gambling laws | https://www.theblock.co/post/409011/washington-kalshi-preliminary-injunction | The Block]
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