regulation·9d ago
Washington Judge Blocks Kalshi Sports Prediction Markets as Illegal Gambling
A Washington state court grants preliminary injunction against Kalshi, deeming its sports prediction markets illegal gambling.
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A Washington state court grants preliminary injunction against Kalshi, deeming its sports prediction markets illegal gambling.
Kentucky filed lawsuits against prediction market platforms Kalshi and Polymarket, accusing them of offering unlicensed sports gambling.

TRM Labs reports that onchain gambling reached $51 billion in 2025, with a resilient $14B quarter despite the crypto market downturn.