Source: Christian Science Monitor
by staff
“Public acceptance of gambling has fallen among Americans, a shift best illustrated by the number of recent victories by states to curb the burgeoning industry of prediction markets, the practice of wagering on the outcomes of future events. Last week, for example, a judge in Washington state cited the online platform Kalshi for deceptive marketing of ‘illegal gambling activities’. The company is now blocked from offering ‘event contracts’ to consumers who wager on predictions in ‘sports, elections, politics, entertainment, culture, tech and science’. The ruling was pretty easy, as the state defines gambling as ‘staking or risking something of value upon the outcome of a contest of chance or a future contingent event not under the person’s control or influence’. It follows other successful efforts in several states against operators of prediction markets.” (08/18/26)