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A King County Superior Court judge granted Washington state's preliminary injunction on November 21, barring prediction-market platform Kalshi from offering event contracts in the state after finding it likely violated state gambling law. The ruling adds a state-level legal overhang to the fast-growing prediction-market sector, challenging Kalshi's argument that CFTC federal oversight preempts state gambling regulators and raising compliance risk for distribution partners such as Robinhood, which routes event contracts through Kalshi. Watch whether other states pursue similar injunctions and whether federal courts uphold CFTC preemption, as that outcome will determine how far prediction markets can scale in the US.
As a Policy signal, watch whether it changes price action, volatility, or flows around HOOD, COIN.
Original Source: 블록미디어
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