Kalshi prediction markets get blocked in several US states

Kalshi is a platform where people bet on the outcome of real-world events, like elections or economic data. Several states say this counts as illegal gambling under their laws and have blocked it, while Kalshi is leaning on a federal agency, the CFTC, which regulates these markets nationally, to argue state bans shouldn't apply.

This is mostly about traditional prediction markets, not crypto directly, but it matters if you use crypto-based prediction platforms too, since the same 'is this gambling or trading' fight could eventually touch them.

No action needed. If you're in an affected state and use Kalshi, just check whether you can still access it, but there's no security risk here, only a legal jurisdiction dispute.