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Are prediction markets illicit gambling? Washington state says yes

The complaint says Kalshi is an illegal gambling operation and seeks to recover losses for Washingtonians, as states and federal regulators clash over oversight.

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Are prediction markets illicit gambling? Washington state says yes

Open the article to view the coverage from OPB

·Portland, United States
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City JournalCity Journal
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Are Prediction Markets Gambling?

Lawmakers increasingly say “yes”; the companies behind the markets need to give a clearer “no” if they want to avoid regulatory trouble.

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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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City Journal broke the news in on Wednesday, April 15, 2026.
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