Washington AG sues online platform Kalshi for illegal gambling | FOX 28 Spokane
Washington's Attorney General is suing Kalshi, alleging its prediction market platform constitutes illegal gambling.Summary
Washington Attorney General Nick Brown has filed a lawsuit against Kalshi, an online platform allowing users to bet on various events, including sports, elections, and even tragic occurrences like measles cases or war outcomes. Brown argues that Kalshi attempts to circumvent state gambling laws by labeling its platform a “prediction market,” but asserts that its operations clearly meet the legal definition of illegal gambling under Washington’s Gambling Act and Consumer Protection Act. The lawsuit claims Kalshi profits from allowing bets on nearly any conceivable event, viewing even tragedies as opportunities for financial gain. Brown stated, “Kalshi wants people betting on almost everything possible in life…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.” The Attorney General aims to halt Kalshi’s operations in Washington state.
(Source：Fox 28 Spokane)