SiaPredict DailyAugust 23, 2026
Top line
Kalshi is pushing back on Washington's enforcement approach, arguing the state's decision to let Crypto.com keep offering the same contracts it banned Kalshi from selling undercuts the state's own case, even as Kalshi remains blocked outright in Michigan and Nevada and contested litigation continues in several other states. Separately, a new professional-trader advocacy group backed in part by Novig launched to press Kalshi and its rivals on age limits and data transparency, adding a bettor-led voice to a reform debate otherwise dominated by regulators and litigants.
Today's top 2
- 1RegulatoryCatch-up
Kalshi challenges Washington's inconsistent enforcement after state lets Crypto.com keep offering the same contracts
Kalshi filed a motion arguing Washington's enforcement is inconsistent, noting that six days after the state's court-ordered ban forced Kalshi to geofence sports, election, and other contracts, the state declined to enforce the same law against Crypto.com while its appeal proceeds, leaving the same contract categories freely available to Washington residents through a competitor. The dispute sits within a broader map in which Kalshi remains blocked outright in Washington, Michigan, and Nevada, with active litigation still unresolved in Massachusetts, Minnesota, Ohio, Maryland, Utah, Arizona, New York, and Connecticut. CFTC Chairman Michael Selig's agency continues drafting rule proposals meant to formally govern event contracts nationally, but has not resolved the underlying state-versus-federal jurisdiction question.
CoinDesk - 2IndustryCatch-up
New advocacy group Sports Traders Union launches to push prediction-market reforms on age limits and data transparency
A new consumer advocacy group, the Sports Traders Union, launched on August 7 with a platform of demands aimed at Kalshi and its rivals, including raising the minimum trading age from 18 to 21, public disclosure of retail user loss data, a code of conduct for exchanges, and improvements to product design, marketing, and addiction resources. The group is led by an advisory board of prominent sports-betting and trading figures, including Isaac Rose-Berman, Jack Andrews, Antonino De Rosa, Rufus Peabody, and Shane Sigsbee, and receives some funding from Novig, a competing CFTC-registered exchange, though organizers say it operates independently. It is a notable addition to the reform debate because it represents professional platform users rather than regulators, plaintiffs' attorneys, or operators.
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