US EditionWashington State Targets Kalshi in Illegal Online Betting Lawsuit
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Cryptocurrency News | Cryptocurrency Prices | Market CapWashington State Targets Kalshi in Illegal Online Betting Lawsuit
Washington Attorney General Nick Brown filed a civil lawsuit against prediction market platform KalshiEx LLC this week, alleging the company runs an illegal online gambling operation in violation of state law. Is Kalshi Legal in Washington State? AG Says No, Files Suit The complaint, filed in King County Superior Court, targets Kalshi‘s binary event contracts, […]
Washington becomes latest US state to sue Kalshi over illegal gambling allegations
Washington Attorney General (AG) Nick Brown filed a lawsuit Friday, March 27, against Kalshi for violating the state’s Gambling Act and Consumer Protection Act. The suit seeks to stop Kalshi from offering its services in Washington and recover money lost by its residents to the prediction markets platform. Brown argued Kalshi’s operations fall under the definition of gambling in Washington law. Gambling is defined as “staking or risking somethin…
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