A court in the state of Washington has ordered Kalshi to halt all operations within the state, following a supposed violation of the state’s Gambling and Consumer Protection Act. 

 

Based on a memo from the office of the Washington Attorney General, Kalshi is thereby required to immediately stop the offering, accepting, and facilitating wagers on sports, elections, politics, entertainment, tech and science within the state. 

 

“Kalshi has gotten rich promoting wagers on sports, elections, natural disasters, events related to the Iran War, and more. Under this order, Kalshi is banned from offering wagers on most of those topics in Washington,” said Attorney General Nick Brown.

 

“As this case moves forward, we will continue to enforce Washington law and hold Kalshi accountable for misleading consumers.”

 

The court has also mandated Kalshi implement an IP address and residency based geofence by August 19 and a multi-source geofencing solution by Sept. 2. 

 

According to the Washington State Law, Gambling refers to any activity that involves the staking of or risking something valuable upon the outcome of a contest of chance or any future or contingent event, and going by this, all Kalshi activities completely violate the state’s law. 

 

As part of its restrictive orders, the court has also banned Kalshi from advertising any sort of wagers to Washington residents, as doing so, the attorney general memo said, constitutes an unfair or deceptive act or practice.

 

The halt order from the Washington court also comes at a time when Baltimore, the largest city in the state of Maryland also sued Kalshi, Polymarket, for violating the state’s Consumer Protection Ordinance by offering unlicensed sport contracts while also naming Coinbase, Robinhood, and Webull as defendants in the lawsuit.

 

 

Flight tracking company FlightAware has voluntarily withdrawn the lawsuit it filed against prediction market platform Kalshi on Monday.

 

Although the reason for the withdrawal was not explicitly stated in the dismissal notice filed with the U.S. District Court for the Southern District of New York, the filing revealed that the lawsuit was dismissed without prejudice, meaning FlightAware could potentially refile the case in the future.

 

FlightAware's withdrawal of the lawsuit comes shortly after it sued Kalshi over the alleged unauthorised use of its data, name, and trademarks for its flight cancellation prediction markets.

 

FlightAware alleged that Kalshi, without authorisation, used its proprietary flight data while publicly naming FlightAware as the “Primary Source Agency” and stating that all outcomes in its flight prediction markets were verified by FlightAware.

 

According to the original lawsuit filed against Kalshi, FlightAware claimed that it had sent cease-and-desist letters demanding that Kalshi refrain from using its data and trademarks, citing potential reputational damage. FlightAware said Kalshi ignored all of these warnings.

 

While neither party has issued an official statement following the filing and subsequent withdrawal of the lawsuit, some have speculated that the two parties may have reached a private agreement or settlement, potentially explaining the swift withdrawal of the case.

 

Kalshi Continues to Face Lawsuits on Multiple Fronts

 

Kalshi has continued to battle several lawsuits, particularly from state regulators, over alleged violations of state gambling laws, with its lawsuit against the New York attorney general being its most recent state-level battle.

 

Although the U.S. Commodity Futures Trading Commission (CFTC) has lately been throwing its weight around Kalshi and other prediction market platforms as it seeks to assert itself as the primary agency with jurisdictional authority over prediction markets in the U.S., Kalshi still has active court cases involving more than 15 U.S. states.

 

 

Attorney generals from 44 U.S. states have written to the Commodity Futures Trading Commission (CFTC), challenging its authority to regulate sports-related event contracts on prediction market platforms.

 

The letter, sent at the close of the public comment period for the CFTC's proposed rule and co-led by Ohio Attorney General Andy Wilson and Nevada Attorney General Aaron D. Ford, argues that the CFTC is exceeding its statutory authority with its proposed rule governing sports event contracts.

 

"The Proposed Rule goes beyond the CFTC's statutory powers, is in tension with the Constitution, and would otherwise be arbitrary and capricious in its current form," wrote the coalition of state attorneys general, led by Ohio Attorney General Andy Wilson.

 

"The CFTC should start afresh with its rulemaking and clarify that sports bets and gambling cannot be traded on designated contract markets, but are instead subject to state law."

 

Amid this joint effort to defend state-level control over prediction markets, attorneys general from Florida, Georgia, New Hampshire, Missouri and Texas did not sign the letter.

 

The joint signing of the letter by attorneys general from 44 U.S. states comes as several states remain locked in disputes with the CFTC over jurisdictional authority for sports-related event contracts offered on prediction market platforms.

 

CFTC and States Locked in Jurisdictional Battle

 

While several U.S. states have tried to exert control over prediction markets, the CFTC has continued to assert that it is the only agency with exclusive federal jurisdiction over prediction markets. That is why, in June, it issued a Notice of Proposed Rulemaking to provide greater clarity and establish a framework for determining when sports event contracts may be prohibited.

 

Despite the publication of the proposed rule by the CFTC, states have not stopped cracking down on prediction market platforms. In May, Minnesota became the first U.S. state to outright ban prediction markets, with the ban set to take effect on August 1.

 

However, the CFTC, alongside Kalshi and Polymarket, sued Minnesota and several other states, including Arizona, Connecticut, Illinois, and New York. On Monday, U.S. District Judge Katherine Menendez granted a preliminary injunction blocking the enforcement of Minnesota's ban.

 

 

Prediction market company Kalshi has filed a lawsuit against the state of Illinois after Illinois Governor JB Pritzker signed SB 3019, the budget bill, into law last week.

 

The lawsuit, which was filed in the U.S. District Court for the Northern District of Illinois, lists key state officials as defendants, including Governor JB Pritzker, Illinois Attorney General Kwame Raoul, and other members of the Illinois Gaming Board, including Dionne R. Hayden.

 

By filing the lawsuit, Kalshi aims to block Illinois from enforcing the new tax law. Under the new law, cryptocurrency transactions in the state will be subject to taxation. The law also establishes a “Sports Wagering Fund” that would impose a 15% tax on gross receipts from sports-related prediction markets operating in the state. However, Kalshi argues that the law is preempted by the Commodity Exchange Act, asserting that its sports-event contracts are regulated by the Commodity Futures Trading Commission (CFTC).

 

“This action challenges the State of Illinois’s clear violation of the Supremacy Clause with respect to the regulation of event contracts,” Kalshi said in its complaint.

 

“The federal Commodity Exchange Act (CEA) grants the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over event contracts when they are traded or executed on a contract market that has been federally designated for that purpose.”

 

With the lawsuit filed, Illinois joins the growing list of states facing legal action from Kalshi. Late last month, Kalshi filed a lawsuit against Minnesota after the state banned prediction markets, becoming the first U.S. state to do so. Kalshi has also filed preemptive lawsuits against Rhode Island, Arizona, and Iowa.

 

CFTC’s Stance on Sports Event Contract Regulation

Despite strict regulatory control over prediction market activities by various state regulators, the U.S. Commodity Futures Trading Commission has maintained its position as the only agency with exclusive federal jurisdiction over event contracts traded on prediction market platforms.

 

Amid regulatory actions taken by state regulators, the CFTC this month released a framework that provided greater clarity on the regulation of event contracts while protecting prediction markets from state-level interference. To assert its authority, the CFTC has also sued state regulators in Arizona, Connecticut, New York, Minnesota, and New Mexico for their harsh regulatory stance on prediction market activities. 

 

 

Bitbank, one of Japan’s major cryptocurrency exchanges, has warned its users against using their Bitbank accounts for Polymarket and other prediction market activities.

 

 

According to a press release from the exchange, the warning comes in compliance with Japan’s strict laws against prediction market activities, which it broadly categorizes as gambling.

 

“We would like to inform you of a cautionary note regarding the connection to and use of prediction market services, including Polymarket,” Bitbank wrote in a blog post.

 

“While these prediction market services may be operated by overseas companies, accessing them from within Japan and using them for the purpose of financial gain may constitute gambling or similar activities.”

 

As part of its enforcement measures, Bitbank said it may suspend accounts found to be involved in deposits or withdrawals related to prediction market services. If an account is suspended, the affected user will lose access to the account, including cryptocurrency deposits and withdrawals, buying and selling of crypto assets, and withdrawals in Japanese yen.

 

Bitbank’s move to restrict accounts involved in prediction markets reflects the country’s strong stance against gambling overall. The country’s penal code criminalizes all forms of wagering or gambling activities, with prison sentences of up to five years for offenders.

 

Thus, while the country or any of its financial regulators have not outright banned prediction markets, crypto entities like Bitbank, for compliance purposes, are proactively distancing themselves from prediction markets.

 

Bitbank’s restriction on prediction market activities comes shortly after the United States Commodity Futures Trading Commission released a framework that will guide the use of prediction market platforms. According to the framework, betting contracts related to terrorism, assassinations, and war are banned. Although sports event contracts can still be offered, they will be subject to thorough scrutiny to prevent manipulation.

 

Despite the regulatory bans and challenges facing the prediction market sector, prediction market companies continue to thrive and scale. Recently, Kalshi announced it had raised $1 billion at a valuation of $22 billion, while Polymarket said it was in talks with investors to raise $400 million at a valuation of $15 billion.

 

 

Indonesia’s Ministry of Communication and Digital Affairs has blocked access to Polymarket, the world’s largest prediction market platform, and plans to block all social media accounts affiliated with it.

 

According to Alexander Sabar, Director General of Digital Space Supervision, platforms that facilitate money-based betting on specific outcomes or events are still categorized as online gambling, even if they are presented as prediction markets.

 

“The government will not allow any form of online gambling in Indonesia. Activities like Polymarket involve betting and speculation on uncertain outcomes, thus violating Indonesian law,” Sabar said in Central Jakarta, one of the country’s main administrative areas.

 

The agency also said the decision to block Polymarket is intended to protect younger users and the broader public in the digital space, and added that it will block access to other platforms that facilitate online gambling activities in the country.

 

Prior to the ban, Polymarket had a limited user base in Indonesia. However, it gained greater visibility between May 20 and 21 of this month when it launched a contract on whether President Prabowo Subianto would leave office early. The contract drew significant attention in Indonesian digital spaces, attracting roughly 51,000 dollars in trading volume within days of its launch.

 

Global Crackdown on Prediction Markets Continues

Regulators' crackdown on the activities of prediction market companies continues to intensify. Just last month, Brazil’s National Monetary Council (CMN), together with other government agencies and regulators, blocked Polymarket, Kalshi, and 27 other prediction market platforms from operating in the country. This came shortly after a court in Buenos Aires reportedly ordered a ban on Polymarket in Argentina.

 

Other countries in Europe, including France, Belgium, Germany, Italy, Poland, Portugal, and Hungary, have either banned or heavily restricted the activities of Polymarket, Kalshi, and other prediction market companies within their jurisdictions.

 

In the United States, several state regulators have taken action against prediction markets, with Minnesota most recently imposing a comprehensive ban on them. At least 17 states, including Illinois, New York, and Ohio, have issued cease-and-desist orders against prediction market companies.

 

 

The Commodity Futures Trading Commission (CFTC) has filed an amicus brief in the United States Court of Appeals for the Sixth Circuit following a United States District Court decision involving Kalshi in Ohio.

 

 

Through this filing, the CFTC seeks to assert its exclusive jurisdiction over prediction markets and to overturn the ban previously imposed by Chief Judge Sarah D. Morrison of the United States District Court for the Southern District of Ohio.

 

“The federal district court in Ohio took an improperly narrow view of the Commission’s jurisdiction, and we are asking the Court of Appeals to correct that error,” said CFTC Chairman Michael S. Selig. “As I’ve said repeatedly, the CFTC will not allow overzealous state governments to undermine the agency’s longstanding authority over these markets.”

 

Kalshi’s Case Against Ohio

The March ban on Kalshi by an Ohio district court dates back to early 2025, when the Ohio Casino Control Commission (OCCC) issued a cease-and-desist order to Kalshi, instructing it to stop offering its sports event contracts in the state, alleging that those contracts were illegal.

 

Following this order, Kalshi sued state regulators and other state officials, seeking a preliminary injunction to block enforcement of the cease-and-desist order. However, the case was dismissed when Judge Sarah D. Morrison ruled against Kalshi, allowing state regulators to enforce the ban and later impose a $5 million fine on Kalshi for continuing to offer sports event contracts in the state.

 

Kalshi has now appealed to the United States Court of Appeals for the Sixth Circuit, seeking to overturn the ban. In its amicus brief filing, the Commodity Futures Trading Commission (CFTC) not only argues for the removal of the ban but also seeks to protect prediction market companies from what it describes as an ongoing campaign of state encroachment.

 

As part of its protective efforts, the CFTC has engaged in legal disputes with several U.S. states, including Wisconsin, Illinois, Arizona, Connecticut, and New York, over their regulatory stance and enforcement actions against prediction market companies.

 

Despite the challenging regulatory environment faced by prediction market companies, the sector has grown significantly. In 2025, annual trading volume across prediction market platforms rose to approximately $63.5 billion from $15.8 billion in 2024. The number of users across prediction market companies has also increased, with institutional investors showing greater interest and contributing more capital to these platforms.

 

 

The U.S. Commodity Futures Trading Commission has been making the rounds. CFTC Chairman Michael Selig confirmed this month that his agency is in active talks with all major professional sports leagues in the United States, as regulators scramble to get ahead of potential insider trading problems on prediction markets.

 

"We're talking to all the sports leagues because it's critical that they've got the best information as to what's manipulable in their markets and where the insider trading risks are," Selig said on the Faro Radio podcast. The comments come after months of escalating alarm in Washington over the explosion of prediction market trading tied to sports, politics, and military events.

 

A Market That Grew Too Fast

The numbers tell the story. Monthly trading volume on prediction markets has jumped from around $1.2 billion in early 2025 to over $20 billion by January 2026, according to blockchain research firm TRM Labs. Sports event contracts alone now make up nearly 90% of all bets placed on Kalshi over the past year, according to the Congressional Research Service. That kind of scale, combined with the potential for people with inside knowledge to profit on it, has made regulators nervous.

 

"The biggest issue that comes up is manipulation and insider trading in these markets," Selig told Front Office Sports. And the regulator isn't just talking. In March 2026, the CFTC and Major League Baseball entered into a first-of-its-kind memorandum of understanding, establishing a formal framework for confidential information-sharing between the federal agency and the league. It was a signal that more deals could be coming.

 

Leagues Are Moving, Too

The NHL, MLS, and MLB have all inked prediction market partnerships with Polymarket and Kalshi over the past several months. The NBA is reportedly in active talks with both platforms. The NFL has been the notable holdout, citing integrity concerns, and Selig declined to confirm whether those conversations are ongoing. What is clear is that the agency sees league cooperation as essential. The CFTC has told prediction markets it expects them to share information with leagues about which categories of individuals should be restricted from trading, including players, coaches, referees, trainers, and data partners.

 

The platforms themselves moved to tighten their own rules in March. Kalshi introduced new technological guardrails to block athletes from trading on contracts tied to their own leagues, and politicians from betting on their own races. Polymarket updated its rulebook the same day to prohibit trading on any information that would "violate a preexisting duty or obligation of trust," even when that information was obtained secondhand.

 

The urgency is partly driven by what has already happened in other markets. In April 2026, the CFTC filed its first-ever insider trading complaint involving event contracts, charging an active-duty U.S. Army soldier with using classified intelligence about a military operation in Venezuela to trade Polymarket contracts, generating more than $400,000 in profit. The DOJ has since signaled it will pursue criminal prosecutions for insider trading on prediction markets as well. Jay Clayton, the U.S. Attorney for the Southern District of New York, said in February that his office expects to bring fraud cases tied to prediction market trading.

 

Sports have precedent of their own. The NBA's lifetime ban of Jontay Porter and the federal charges hanging over former Miami Heat guard Terry Rozier both stem from sports betting misconduct. Prediction markets are a different product legally, but the underlying concern, that people with privileged access to information are using it to profit, is exactly the same.

 

Congress Is Watching

Capitol Hill is paying attention, too. A coalition of Democratic lawmakers sent a letter to the CFTC in late April urging the agency to issue a formal rule prohibiting certain types of event contracts and curbing insider trading. The letter, led by Sen. Jeff Merkley of Oregon, described the rapid growth of prediction markets as an "erosion of integrity" that demands regulatory action. Separate legislation has been introduced that would bar government officials from using prediction markets entirely and prohibit event contracts tied to elections, war, and sports.

 

The CFTC, for its part, published an Advanced Notice of Proposed Rulemaking in March seeking public comment on whether to amend regulations governing prediction market event contracts. Selig has framed the issue in stark terms, drawing comparisons to the offshore drift that plagued crypto markets before FTX. "I'm concerned we'll see the same with prediction markets if we keep pushing it offshore into the unregulated space," he said.

 

For now, the talks with sports leagues continue. Whether they translate into formal agreements on the scale of the MLB deal, and how quickly, may determine how effectively the CFTC can police the fastest-growing corner of the derivatives market before the next scandal breaks.

 

Leading startup accelerator Y Combinator will be holding the first-ever interview session in New York City, keenly focused on fintech builders developing projects around tokenization, stablecoins, prediction markets, and trading.

 

 

According to a YC spokesperson, the New York event will be the first of its kind, as it will focus on a specific sector, with accepted startups joining the Y Combinator Summer 2026 batch, which will begin on June 23 in San Francisco. Once a startup is accepted into the accelerator program, Y Coombinator will invest immediately in the company, even before the summer batch begins.

 

With New York becoming a major fintech hub in the U.S. and accounting for around 30% of all U.S. fintech investment in 2025, while also being home to roughly 1,500 crypto and fintech startups, Y Combinator is making this move to tap into this fast-growing sector and back more startups in the space.

 

Y Combinator Investing in Crypto

Through its funding, Y Combinator has helped support some of the most successful companies in the crypto space, with several reaching and surpassing unicorn status.

 

In 2012, Y Combinator invested about $150,000 into the crypto exchange Coinbase, acquiring an approximately 7% stake in the company. With support from Y Combinator and other early investors, Coinbase has grown into one of the largest crypto exchanges in the world, with a market cap of around $52 billion.

 

Y Combinator also invested early in the decentralized exchange Uniswap, contributing about $120,000 in 2018. Like Coinbase, Uniswap has grown into one of the largest decentralized exchanges, with a valuation of around $2 billion.

 

The startup accelerator has also invested in the prediction market sector, backing Kalshi at an early stage. With support from early investors, including Y Combinator, Kalshi has grown into one of the leading prediction market companies and recently raised $1 billion in a Series F round, reaching a valuation of $22 billion.

 

Other crypto companies that have benefited from Y Combinator’s support include the NFT marketplace OpenSea, blockchain intelligence company TRM Labs, and the Solana-based trading platform Axiom, with all of these companies surpassing the $1 billion valuation mark.

 

 

Polymarket, the world’s largest prediction market company, has partnered with blockchain analytics firm Chainalysis to help curb insider trading activities amid its recent move to raise $400 million from investors.

 

The partnership will see Chainalysis deploy several investigative tools, including the Chainalysis Data Solutions tool, a first-of-its-kind on-chain solution designed to monitor trading activity on prediction markets while mapping insider trading patterns and enforcing market integrity rules across the Polymarket platform.

 

 

The prediction market platform will also benefit from Chainalysis’s on-chain security capabilities, which are pivotal in preventing threats, as well as a dedicated team of Chainalysis professionals who will not only help deploy Chainalysis Data Solutions but also train the Polymarket team on how to proactively use the solution to maintain transparency on the platform.

 

The solution to be deployed is also dynamic, meaning Polymarket can continually refine its detection methods to identify and curb insider trading activities, thereby maintaining transparency and protecting the platform from emerging threats.

 

By partnering with and leveraging Chainalysis's institutional expertise, Polymarket is clearly signaling its stance against all types of fraud and market manipulation and that those who attempt to engage in any such activities will be promptly identified and prosecuted.

 

"Polymarket was built on chain because transparency matters, and our platform shows what markets can look like when trades are open, traceable, and accountable by design," said Shayne Coplan, Founder and Chief Executive Officer of Polymarket.

 

"Every market deserves that standard. This partnership with Chainalysis pairs that transparency with the monitoring and enforcement infrastructure to back it up and helps us continue to build the most trusted source of truth in markets."

 

Insider Trading Concerns in Prediction Market Platforms 

Insider trading, which is the illegal practice of leveraging material non-public information (MNPI) or confidential information to gain an edge over other market participants, has long been a problem for prediction market platforms.

 

To curb insider trading, the U.S. Senate unanimously passed a measure banning its members from trading on prediction markets. Most recently, a group of congressional Democrats led by Sen. Jeff Merkley has pressed the Commodity Futures Trading Commission (CFTC), urging the regulator to address the lack of integrity caused by insider trading activities on prediction market platforms.

 

Due to this mounting pressure, Kalshi, Polymarket, and other prediction market platforms have rolled out several restrictions to address these concerns, which is also the main factor behind the Polymarket Chainalysis partnership.

 

 

Traditional finance giants Charles Schwab and Citadel Securities have revealed possible intentions to enter the crypto prediction market industry.

 

In a call with investors, Rick Wurster, chief executive of Charles Schwab, said that at some point the institution will likely offer its own prediction markets. According to Wurster, prediction markets were not of “tremendous interest” to Schwab, but he said the sector is one the company will take a hard look at and that it would be relatively straightforward to offer such products.

 

Image credit: CNBC

 

However, if Schwab does decide to enter the prediction markets industry, Wurster said it would steer away from bets in areas such as sports, politics and pop culture, adding that the firm aims to position itself as a partner for building long term wealth.

 

“Prediction markets that are not aligned to that are not something that we want to pursue,” Wurster said. “If you look at the stats on the success of gamblers, they are not strong, and people generally lose money.”

 

Citadel Securities also opened up about the possibility of entering prediction markets in the future. At a recent Semafor conference in Washington, DC, Jim Esposito, president of Citadel Securities, said the company is “absolutely keeping an eye on developments” in prediction markets.

 

Image credit: YouTube

 

Although Esposito said Citadel Securities is not there yet because there is not much liquidity in the prediction markets industry, he added that the market is likely to ramp up and scale, and that there is a possibility of the firm getting involved in the future.

 

However, like Wurster’s position on avoiding sports betting contracts, Esposito said Citadel would avoid offering sports event contracts, but signaled interest in other types of event-based contracts.

 

Why Are Sports Event Contracts Being Avoided?

Based on the statistics, sports event contracts are the largest category of contracts on prediction market platforms. According to a recent report, sports event contracts made up 87 percent, or $9.9 billion, of Kalshi’s March $11.39 billion trading volume. On Polymarket, sports event contracts generated over $120 million in 24-hour trading volume in March.

 

However, despite their potential, Charles Schwab and Citadel Securities have said they would not be offering these contracts. For Schwab, these contracts will be avoided as they do not align with the company's goal of positioning itself as a long-term wealth builder. According to Rick Wurster, the chief executive officer of Charles Schwab, people generally lose money from these contracts. The demand for these contracts is also low among Schwab’s clients.

 

Citadel has described these contracts as having thin liquidity. Regulatory uncertainty is also a concern, as the offering of sports event contracts by prediction market platforms is one of the reasons regulators have raised concerns about Polymarket, Kalshi, and other prediction market companies.

 

 

Binance, the world’s largest cryptocurrency exchange, has introduced into its wallet application, prediction market, a new feature that allows users to participate in probability-based markets directly from the Binance wallet app. 

 

This feature was made possible through the integration of Predict.fun, an independent decentralized prediction market platform built on the BNB Chain, with Binance explicitly stating the integration of more prediction market platforms into its app in the future. 

 

With the integration of Predict.fun into its wallet app as well as other future prediction market integration, Binance aims to tap into the over $20 billion prediction markets volume, going toe-to-toe with giant prediction market platforms Kalshi and Polymarket which both account for 85–90% of the total global prediction market volume.

 

To encourage the mass adoption and use of this new prediction market feature, Binance is offering a gasless trading experience for all users. Thus, all trading fees incurred will be sponsored and catered for Binance itself, thereby making it very easy for its over 300 million users tap into the growing crypto prediction markets. 

 

Image credit: Binance

 

The Binance prediction market feature will also support market and limit orders, allowing traders execute trades immediately at the current best market price or leave immediately, without delay, as well as allowing traders execute trades at their specified price or even better. 

 

The Current State of Prediction Markets

Crypto prediction markets have grown rapidly in recent times, evolving from a niche segment of the crypto industry into a major sector in global finance. The global monthly trading volume across prediction market platforms has consistently exceeded 20 billion dollars, with last month recording approximately 25.7 billion dollars in trading volume.

 

Despite the high monthly trading volume and the growing number of unique crypto wallets actively trading across different platforms, prediction market companies have faced several regulatory challenges. This is especially true for the two largest platforms, Kalshi and Polymarket, whose trading volumes together account for about 92 to 93 percent of global prediction market activity.

 

Although the Commodity Futures Trading Commission, the federal regulator in the United States, has recently moved to defend prediction market companies from strict regulatory actions imposed by several states, the activities of these companies remain restricted in at least 11 states.

 

The services of Polymarket remain blocked in about 33 countries, while Kalshi is restricted in about 50 jurisdictions, although it is still available in roughly 140 countries.