A judge from King County Superior Court, John McHale, has ordered prediction market platform Kalshi to stop offering contracts tied to sports, elections, politics, entertainment, culture, technology, science, and mentions in Washington state. State Attorney General Nick Brown called the activity an illegal gambling operation. Contracts involving commodities, climate, economics, and finance remain exempt. Kalshi, which maintains that the CFTC has exclusive jurisdiction over its exchange under federal commodities law, must implement IP address and residency-based geofencing by August 19 and a GeoComply multi-source geofencing system by September 2. The Washington Court of Appeals denied its request to stay the injunction.
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