KALSHI ORDERED TO BLOCK WA BETS — CFTC BACKING EVAPORATES OVERNIGHT

Kalshi ordered to block Washington state bets just days after CFTC gave the green light—regulatory whiplash as a state court injunction overrides federal approval. The prediction market platform faces immediate compliance headache and degens lose access to political wagering in a key battleground state.

Breaking regulatory reversal: state court order contradicts recent CFTC approval, huge market impact.