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Judges Sides With Washington State Lawsuit Against Kalshi ‘Prediction’ (Gambling?) App
['John Mckay']
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First created in 2018 by some financial analysts, Kalshi debuted in 2021, as a website and mobile app.
However, it allegedly goes afoul with some state's gambling laws.
You Cant' Bet on WSU or UWYou technically can't state on in-state college teams, state law allegedly prohibits you from placing bets from home or work on apps or websites.
WA State Officials say it likely violates the state's gambling laws, and a Federal judge has sided with the state.
WA Has Also Sued Kalshi over Social Media Ads in States Where Such Gambling is IllegalThe lawsuit likely can't cover national television advertising, because that's designed to reach coast to coast, and in many states gambling is legal.