Washington sues Kalshi as states ramp up legal pressure against prediction markets

The Washington state attorney general alleged Kalshi offers "gambling products" products dressed up as prediction markets in a lawsuit Friday. What to know : Washington state has become the latest to sue prediction market provider Kalshi, alleging the company violated state regulations. The filing came a week after Nevada won a temporary restraining order ordering Kalshi to stop offering sports, election and entertainment products in that state. Nevada also secured a preliminary injunction against Coinbase's prediction markets, which offered sports, election and entertainment bets.