Episode Details

Kalshi is fighting back against a Washington state judge’s order to shut down most of its operations, arguing it’s being unfairly singled out while similar prediction markets keep running. The judge labeled Kalshi an online betting platform and gave it until August 19th to stop most activities, with full shutdown by September 2nd — but Kalshi insists it’s a federally-regulated market, not gambling. They’re pushing for reconsideration, pointing out other states like New York and Arizona are also targeting them. While some bets on climate and commodities remain legal in Washington, politics and entertainment are off-limits. A final hearing looms on September 2nd — and the battle over what counts as legal prediction vs. illegal betting rages on.

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