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Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling
Bright says Kalshi collected more than $89,000 in fees while he lost $308,781.62 on sports event contracts.
Summary by Ars Technica
4 Articles
4 Articles
'Event Contracts' or Betting? Man Sues Kalshi After Losing $308K, Claiming It Is Illegal 'Gambling'
Scott A. Bright alleges Kalshi enabled illegal gambling through sports contracts and seeks restitution after claiming more than $308,000 in losses. Kalshi disputes the allegations.
·United Kingdom
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Washington Man Who Lost $308,000 on Kalshi Sports Bets Sues for $580,000, Calling It Illegal Gambling
A Washington man who lost more than $308,000 on Kalshi sports contracts is suing the prediction market for over $580,000, alleging illegal online gambling under state law.
·New York, United States
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A Bellevue resident seeks Kalshi’s return of more than $580,000, although he claims to have lost $308,781 in sports betting. The company claims that he offered federally regulated event contracts, not bets subject to Washington law.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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