Auto Added by WPeMatico

Crypto.com Prediction Exchange Seeks Federal Shield Ahead of Washington Crackdown

The Crypto.com-affiliated exchange behind OG has sued Washington officials before the state takes enforcement action against its prediction markets. The complaint argues that federal commodities law protects OG from state…

Continue ReadingCrypto.com Prediction Exchange Seeks Federal Shield Ahead of Washington Crackdown

Washington Judge Rejects Kalshi’s Federal Defense, Grants State Injunction

A Washington state judge has granted a preliminary injunction against Kalshi after rejecting its argument that federal commodities law overrides state gambling rules. The court found Washington is likely to…

Continue ReadingWashington Judge Rejects Kalshi’s Federal Defense, Grants State Injunction