Kalshi Faces Legal Challenges Over Alleged Gambling Violations

Washington state has initiated legal action against Kalshi, accusing the prediction market operator of breaching state gambling regulations with its offerings. According to NS3.AI, Kalshi has responded by transferring the case to federal court, asserting that similar legal matters are currently under litigation in other jurisdictions. Earlier this month, a Nevada judge imposed a temporary 14-day ban on Kalshi's operations within the state.