A King County judge gave the exchange until September 2 to geofence sports, election and politics contracts, two days after the CFTC ordered it to keep trading.
A King County judge ruled federal commodity law does not preempt state gambling rules, with the injunction effective Aug. 5.
The prediction market adds employer screening, market risk scoring, and whistleblower tools to curb insider trading
Regulator clears KalshiEX to list 24/7 Bitcoin perps, ending offshore-only era for US traders
Polymarket is negotiating a $400 million funding round at a $15 billion valuation, according to The Information, still trailing Kalshi’s $22 billion mark.
