Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling
A man who lost over $308,000 making sports wagers on Kalshi is suing the prediction market for violating the state of Washington's ban on online gambling.
Key points
- He's trying to turn those losses into an overall victory with a lawsuit seeking a payment of over $580,000.
- Kalshi has since filed a motion to dismiss the lawsuit.
While state attorneys general throughout the US are trying to shut down Kalshi for allegedly violating state gambling laws, Bright's case tests whether unsuccessful gamblers can obtain restitution from the company through individual lawsuits.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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