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Today in crypto, Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products, spot Bitcoin ETFs posted $296.18 million in weekly outflows, and Morgan Stanley sets a 0.14% fee for its spot Bitcoin ETF, potentially forcing competitors to cut fees to stay competitive.
Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products.
The Washington Attorney General’s complaint cites the Pacific Northwest state’s existing ban on online gambling and otherwise strict oversight of the gaming market, in claiming Kalshi violated the Washington Consumer Protection Act, Gambling Act, and Recovery of Money Lost at Gambling Act.
