US EditionKalshi ‘Prediction Market’ Violates WA Antigambling Laws, Attorney General Says
Washington AG seeks to stop Kalshi's unlicensed online gambling, recover lost funds, and impose penalties under state gambling and consumer protection laws.
- On Friday, Washington Attorney General Nick Brown filed a lawsuit against online betting platform Kalshi, alleging the company operates an illegal gambling service violating state consumer protection and gambling laws.
- While Kalshi describes itself as a "prediction market," Brown argued its operations meet Washington's legal definition of gambling by allowing users to wager on sports, elections, and real-world events.
- Kalshi targets young adults through influencer campaigns, offering wagers on niche topics including "measles cases this year" and "what will witnesses say" during child trafficking hearings, the lawsuit states.
- Nevada, Arizona, and Ohio filed similar suits this month, while a coalition of 39 attorneys general challenged the Commodity Futures Trading Commission's authority on Monday over sports betting regulation.
- According to Scott Crowell with the Crowell Law Office Tribal Advocacy Group, prediction markets threaten tribal gaming revenue, prompting Washington to seek a permanent injunction and civil penalties.
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FOX 28 Spokane
KXLYWashington AG sues online platform Kalshi for illegal gambling
Olympia, WASH. -- Attorney General Nick Brown filed a lawsuit today against Kalshi, a company he says violates state law by operating and advertising an online platform where users can bet on sports, elections, and other events. Brown's office wrote in a press release, "Kalshi even allows consumers to bet on the total number of
‘No more’: Washington state sues Kalshi, alleging prediction market is illegal gambling
Washington Attorney General Nick Brown is suing prediction market platform Kalshi, alleging the company violates state gambling and consumer protection laws by operating an online betting service where users can wager on sports, elections, wars and other events.
Washington AG sues Kalshi, alleging illegal online gambling and consumer law violations
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