Episode Details

A Washington state judge has slapped a preliminary injunction on Kalshi, calling its betting platform — which let users wager on elections, natural disasters, and more — an illegal gambling operation. The state’s Attorney General hailed it as a major victory, arguing Kalshi profited by knowingly violating a 1973 law updated in 2006 to ban online gambling in Washington. The court found Kalshi’s model deceptive and harmful to consumers. While this isn’t the final verdict, it’s a critical legal blow, and the state is now pushing for full accountability as the case moves forward.

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