The lawsuit claims that Kalshi is violating the Washington state Gambling Act and Consumer Protection Act.
US.- Washington Attorney General Nick Brown has filed a lawsuit against Kalshi. It alleges that the prediction market operator violates state law by allowing users can bet on sports, elections, and other events.
The lawsuit argues Kalshi violates the Washington state Gambling Act and Consumer Protection Act, attempting to skirt the laws by branding its betting platform as a prediction market. “The definition of gambling under Washington law is staking or risking something of value upon the outcome of a contest of chance or a future contingent event, and Kalshi’s activities fall squarely within that definition,” the lawsuit states.
Brown said: “Kalshi wants people betting on almost everything possible in life—the outcome of elections, Supreme Court cases, even wars. For Kalshi, every event, every tragedy is nothing more than a potential way for Americans to risk their fortunes and for Kalshi to get rich. As they advance this bleak vision of the future, they line their pockets and pat themselves on the back for sneaking around Washington’s gambling laws. No more.”
Arizona Attorney General Kris Mayes has also filed criminal charges against KalshiEx and Kalshi Trading, while Michigan Attorney General Dana Nessel filed a lawsuit alleging that the prediction market company has violated the state’s Lawful Sports Betting Act (LSBA). The lawsuit seeks an order of abatement and injunctive relief.
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