Policy Event Β· High impact

Washington Court Orders Kalshi To Curtail Event Contracts

A King County Superior Court final order requires Kalshi to stop offering or facilitating multiple event-contract categories in Washington and implement geofencing controls. The order shows state gambling and consumer-protection rules can constrain prediction markets even when products are framed as federally regulated event contracts.

High impactπŸ‡ΊπŸ‡Έ United StatesEnforcementRegulationKalshiWashington Attorney General

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: Kalshi, Washington Attorney General. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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