Kalshi Blocks Washington State Residents from Accessing Its Contracts

cryptonews.ruОпубліковано о 2026-08-25Востаннє оновлено о 2026-08-25

Анотація

The predictive markets platform Kalshi has blocked users in Washington State from accessing several categories of contracts due to an ongoing legal dispute with state authorities. The company was ordered to restrict Washington residents' access to contracts related to sports, elections, politics, entertainment, culture, technology, and science. Kalshi has implemented a preliminary IP-based block and faces a September 1 deadline to install a more sophisticated geofencing system, with potential fines of $120,000 per day for non-compliance. Kalshi has requested a King County judge to reconsider the restraining order, arguing that a competitor was granted more favorable operating terms. A hearing on this request is scheduled for September 2. Kalshi is also currently banned from operating in Michigan and Nevada, rulings it is appealing. The company contends its federally regulated event contracts are derivatives and thus should not be governed by state gambling laws. Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) is preparing changes to the regulation of prediction markets, aiming to enhance consumer protection, product governance, and listing standards, which could impact the future operations of such platforms in the U.S.

Updated: 2026-08-24

The company Kalshi has restricted access for its users located in Washington state due to ongoing legal proceedings with state authorities.

They demanded that Kalshi block state residents' access to seven categories of contracts related to sports, elections, politics, entertainment, culture, technology, and science. The company has already complied with this demand by implementing controls based on users' IP addresses. A more complex geocontrol system must be implemented by September 1st. For each day of non-compliance with the second deadline, the platform may be fined $120,000.

Kalshi has appealed to a King County judge to review the injunction that restricts its operations. In the statement, the company explained that its competitor OG was granted more favorable operating conditions. The court hearing for the request is scheduled for September 2nd.

Currently, Kalshi's activities are prohibited in the states of Michigan and Nevada, as reported by the Happy Coin News editorial team. The company has already appealed these decisions. Its main argument is that federally regulated event contracts are derivatives, meaning state gambling laws cannot control their listing or trading.

The U.S. Commodity Futures Trading Commission (CFTC) is already preparing to make changes to the regulation of prediction markets. Officials plan to enhance consumer protection, improve product management, and develop new listing standards. All of this could affect the future operations of forecasting platforms in the United States.

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Пов'язані питання

QWhat action did the company Kalshi take regarding users in Washington state, and why?

AKalshi restricted access for its users located in Washington state due to ongoing litigation with the state's authorities.

QAccording to the article, what was Kalshi's primary legal argument against state-level gambling laws?

AKalshi's main argument is that its federally regulated event contracts are derivatives, meaning state gambling laws should not control their listing or trading.

QWhat regulatory body is preparing to change the rules for prediction markets in the US, and what are some areas of focus?

AThe US Commodity Futures Trading Commission (CFTC) is preparing changes. Officials plan to enhance consumer protection, improve product governance, and develop new listing standards.

QWhat financial penalty could Kalshi face for non-compliance with a specific deadline mentioned in the article?

AKalshi could be fined $120,000 for each day it fails to meet the second deadline, which is for implementing a more sophisticated geo-control system by September 1st.

QIn which other US states is Kalshi's activity currently prohibited, as reported by Happy Coin News?

AKalshi's activity is currently prohibited in the states of Michigan and Nevada.

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