Business Law
Aug. 19, 2026
Want to live in a world where we trade on tragedy?
A judge just ruled that Kalshi cannot operate most of its prediction markets in Washington, reopening the question of whether a federal commodities license allows a platform to profit from elections, wildfires and disasters without being subject to state consumer protections.
Yosi Yahoudai
Co-Founder and Managing Partner
J&Y Law
1880 Century Park E Ste 717
Century City , CA 90067
Phone: (877) 862-4317
Fax: (310) 407-0767
Email: intakes@jnylaw.com
A prediction market is a place where you buy a contract that pays out when something happens in the real world. A team wins. A candidate loses. A city burns.
On Aug. 13, a King County Superior Court judge told one of the largest of these platforms that it could no longer run most of its markets in Washington.
Judge John McHale ordered Kalshi to block Washington users from its markets on sports, elections, politics, ...
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