World · Regulation · United States ·
US court orders prediction platform Kalshi to stop broad market contracts
A US court ordered Kalshi to implement geofencing by August 19 and deploy a multi-source geofencing system by September 2 to restrict prediction market trading in Washington state. The order targets a broad range of prediction contracts.
Why it matters for the crypto market
The court order constrains the operational scope of a major prediction market platform that has raised significant venture capital and represents crypto's foothold in financial derivatives, signaling regulatory limits on retail prediction trading.
Source: cointelegraph.com
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