A King County Superior Court judge has ruled that online prediction market operator Kalshi likely violated Washington state gambling laws and consumer protection statutes, handing a significant early victory to Attorney General Nick Brown in the state’s lawsuit against the company.
In a ruling issued Monday, the court granted a preliminary injunction against KalshiEX LLC, finding the state is likely to succeed in proving that the company operates an illegal gambling business in Washington. The judge also determined that Washington consumers could face substantial harm if Kalshi’s activities were allowed to continue while the case proceeds.
A final injunction order is expected Aug. 5 after additional discussions between the Attorney General’s Office and Kalshi regarding the scope of the court’s order and possible remedies.
