Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Washington state joins the growing number of lawsuits against Kalshi.
Attorney General Nick Brown filed a lawsuit against the prediction market on Friday, alleging that it constitutes illegal gambling. This comes shortly after Kalshi was temporarily shut down in Nevada, and Arizona’s AG filed criminal charges against it. AG Nick Brown drew attention to a particularly daming ad:
In one Kalshi advertisement, one person texts another that they “found a way to bet on the NFL even though we live in Washington,” which seems to acknowledge that Kalshi knows that they are attempting to skirt state law. In fact, Kalshi did find a way to bet on the NFL in Washington; all they had to do was break the law.
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