Kalshi Faces Washington Suit as Tokenization Moves Into Mainstream
Regulators press ahead on prediction markets and crypto donations, while Wall Street expands tokenization infrastructure and institutional access to crypto assets.
Press review for 29 mars 2026 – editorial selection
Last updated: 07:17
Daily News Summary: Major regulatory actions and institutional moves shape crypto markets today.
🏛 Washington sues Kalshi as states ramp up legal pressure against prediction markets
- The Washington state attorney general filed a lawsuit against Kalshi, alleging Kalshi violated state gambling regulations.
- The suit says Kalshi's products are gambling products dressed up as prediction markets.
- This action adds to ongoing state-level enforcement against Kalshi.
Sources
Washington sues Kalshi as states ramp up legal pressure against prediction markets
coindesk.com
🏦 Kalshi secures license to offer margin trading to institutional investors
- Kalshi has secured a license to offer margin trading to institutional investors.
- The margin feature departs from traditional prediction markets, which require fully collateralized positions.
- The industry is seeing growing trading volumes and investment.
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⚙️ Here’s why Wall Street suddenly obsessed with tokenization – but on its own terms
- Financial institutions are pursuing tokenization, including BMO with CME Group and Google Cloud for real-time payments and round-the-clock margin activity.
- Nasdaq has SEC approval to trade and settle tokenized stocks and ETFs.
- Tokenization represents existing assets digitally on a blockchain ledger to enable more automation and faster movement.
- A House Financial Services Committee hearing on tokenization indicates the move from concept to implementation.
Sources
Here’s why Wall Street suddenly obsessed with tokenization – but on its own terms
cryptoslate.com
🏛 Canada moves to ban crypto donations for election campaigns following UK
- Canada moves to ban crypto donations for election campaigns following the UK.
- Bill C-25 follows years of warnings from Canada's Chief Electoral Officer about the risk crypto donations pose to electoral integrity.
- The measure targets crypto donations in political campaigns.
💳 The bets that made crypto prediction markets popular could now be banned
- The CFTC opened formal rulemaking on prediction markets.
- A bipartisan group of senators is preparing legislation to ban sports bets and casino-style contracts on CFTC-regulated prediction markets.
- Courts have varied in classifying event contracts as swaps or gambling.
Review based on an editorial selection of reliable press sources.
