Washington Court Tightens Kalshi Access in Major Ruling

TLDR

• A Washington court ordered Kalshi to stop offering event contracts tied to sports, elections, politics, entertainment, culture, technology, science, and mentions.
• Kalshi must introduce IP- and residency-based geofencing by Aug. 19 and a multi-source geofencing system by Sept. 2.
• The court also barred Kalshi from advertising restricted event contracts to consumers in Washington.
• Kalshi can continue offering contracts linked to commodities, climate, economics and finance in the state.
• The order follows a preliminary injunction issued in July, while Kalshi’s request to pause the restrictions was denied on appeal.

A Washington court has ordered Kalshi to stop offering several event contracts in the state. The ruling covers markets tied to sports, elections, politics, entertainment, culture, technology, science, and mention-based events.

Kalshi Faces New Washington Restrictions

The court ordered Kalshi to block Washington users from restricted markets. The company must introduce IP- and residency-based geofencing by Aug. 19. It must add a multi-source geofencing system by Sept. 2.

… Continue reading the full article at the original source below.