A King County judge has ordered Kalshi to stop offering sports, election, and politics wagers in Washington state. The company has until August 19 to comply. The order comes days after the Commodity Futures Trading Commission backed Kalshi in a related matter.
The court order
The order, issued by a King County judge, directs Kalshi to halt these wagers within Washington state. The deadline is August 19. Kalshi offers wagers on sports, elections, and politics, according to the order.
The order does not specify what happens if Kalshi misses the deadline. It also does not explain the judge's reasoning. The order is a court order, meaning Kalshi is legally required to follow it.
CFTC's backing
The court order comes days after the CFTC backed Kalshi in a related matter. The CFTC is the federal agency that regulates commodity futures and options markets. The details of that backing are not included in the court order.
The CFTC's action is separate from the court order. The court order is from a state court in Washington, while the CFTC is a federal agency.
The deadline
Kalshi has until August 19 to comply with the order. That means the company must stop offering sports, election, and politics wagers in Washington state by that date.
The order does not say whether Kalshi can appeal or seek a stay. It simply sets a deadline.
