Kalshi Faces State Legal Challenge | Spokane News

Kalshi, the online prediction market stirring controversy in Washington, claims it’s being unfairly targeted by state regulators while similar platforms like Polymarket operate without issue. The Attorney General argues Kalshi is the biggest player and doesn’t need to go after everyone to make a point — especially since Kalshi allegedly violates state gambling laws despite claiming federal CFTC regulation. A judge previously blocked Kalshi from offering contracts on sports, politics, and science, but allowed finance and commodities. A major hearing looms this Wednesday, as prediction markets gain national attention and face conflicting state and federal rulings — including a recent Ninth Circuit loss in Nevada, where Kalshi remains banned. This legal tug-of-war could shape the future of prediction markets across the U.S. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8072e5c919b655b4