It’s a war of definitions, and Kalshi just lost a battle

On Monday, a King County Superior Court judge issued a preliminary injunction against the “prediction market” company Kalshi. 

Judge John McHale found Washington state is likely to succeed in proving Kalshi is actually an online gambling site. Those are illegal here in Washington.

State Attorney General Nick Brown brought the lawsuit against Kalshi in March. 

Guest: 

Washington Attorney General Nick Brown

Relevant Links: 

WA judge halts Kalshi ‘prediction market’ over state gambling laws

AG Brown, coalition temporarily block Warner Bros./Paramount merger as lawsuit proceeds

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